Quote from @Patrick K.: Quote from @Tom Gimer: @Patrick K.

@Jeff Bousquet@Dan K. hit the nail on the head in his summarization of the Springfield area.

So on a  400 k house I would lose 3000 per year in  cashflow but would make roughly 35000 per year on appreciation.. so would still be ahead

In general, partnership entities do not pay taxes.They pass-through income which is reported on the form K-1 where the member / owner / investor will pay tax when they file their individual return.Furthermore, aslong as all members / owners / investors agree that no one is entitled to a salary, that is okay, aslong as everyone agrees to it.

k=smart+w...We only use these in select properties but the preference is with those that cut-off the water supply when a leak is detected.  

Quote from @Jon K.: About half of my portfolio are voucher tenants at the moment.

However crime is actually much less there than say Wilmington De and Reading has 30 k more people.

Quote from @Steve K.: Have you tried using skip tracing software to find contact info for the owner and the local fiduciary in order to get in touch with them?

K-I-S-S.

@Jim K. - I absolutely enjoy real estate.