But it seems counter intuitive for the local govt to just hold those properties for 7 years, not collect any sort of tax revenue, and then escheat the land.   

It's lower than what I look for in SFRs, but it has room for additional profit from the split and has larger scale.Joe, I'll PM you about your previous deals...I'd love to see some numbers of what was promised to your investors and what the actual yield turned out to be.Lynn, intuitively I feel like apartments are a great vehicle for passive income.

What's up guys, I'm a big believer in the Universe and following intuition.

I'd rather go in the office tomorrow, in a suit and let the broker know I want to work as an unpaid intern and that "I'll do difficult, time-consuming work so you're able to concentrate on more revenue-related pursuits" and "I just have to be taught it, and I'm intuitive.

You can flip anything for a profit, but your intuition is right to focus more on SFRs for all the reasons Patrick mentioned above. 

The tax rules are really complex and always changing in investment real-estate and an accountant who owns some himself will naturally know the rules better and more intuitively know if you might have missed a deduction or expense.  

I tend to over-analyze, but it allows me to use data over intuition for my purchasing decisions and it is a powerful negotiation tool.

I'm sorry I cannot point you in the direction of these folks... hopefully someone with knowledge will comment here.Also - the @ function for people's names is one of those things on BP that I wish was a little more intuitive, but just so u know - if you enter @ and the person's name a list of options will pop up at the bottom of the screen you are typing in.

I realize though that my intuition may not be of much use here. 

Intuit is getting on my naughty list between their lackluster TurboTax business and increasingly "buggy" Quicken products.