But what you will learn will definitely outweigh it.

The cons currently outweigh the pros for me. 

Just make sure the pros outweigh the cons? 

His advise was that the return on investment to buy land and build from scratch in a B-grade area would far outweigh what's out there currently.This isn't really my area of expertise.

I'll have to outweigh the risk when it comes to that strategy. $120 Dollars per month would certainly s*** too... 

I had him do some work in the past for me but now I feel this information may out weigh the cost and action of doing something that may not be necessary.

If these homes are sitting on the market for that long, it typically means they are either short sales which are taking forever, are priced too high, or this area does not have a stable seller's market as the supply out weighs the demand.Keeping tabs on what is going on in your farm area is crucial.

But the good ones will always out weigh the bad! 

You could also explaining to him that reliable and consistent work outweighs going and trying to find jobs. 

Typically, if you only own one or two properties, all your other expenses (maintenance, mortgage interest, property taxes, DEPRECIATION), tend to outweigh your gross income so that your actual net that flows down to your personal tax return is a loss and not a gain.In that case, you get to deduct up to 25k a year in losses (or all of it if you're a real estate professional).Now if your houses are still cash flowing after all those expenses and your LLC really does have a net gain for the year, then that net gain is going to be treated as income to be taxes by the IRS at the end of the year.