It may seem like competition is a bad thing but in actuality if you join up with an office with many top producers you have the ability to help them with open houses and can also get mentoring help on your first couple of deals.As you start getting experience and start making more sales, these traditional brokers like C21, Coldwell, etc... will give you better splits.  

On the contrary, I know of several who are not only fantastic people but also massive producers.

If the property is producing income, she could likely continue to hold the property in the IRA and meet the distribution requirements.  

As for the cap rate, as you can tell by the price, Massachusetts is pretty expensive and the properties that might produce a higher cap rate are in an area I can't commute to work from and this is the best I have found in our commutable radius thus far.

Bigger Pockets is the most innovative and educational site available to learn about real estate investing.Wishing you the best!

I am looking for innovative ways to best use this property to make a profit (it has 1100 feet of Lake Frontage with a Western view of sunsets and Marquette but wetland issues that need to be resolved).

You will need to produce on what they have taught you!

This helps keep my marketing budget relatively low, while producing pretty good leads.

Another play for a junior Bene with 100% control of that lienholder position is to get tg he partners to assign their interests to you.Next, abandon the security by recording a partial reconveyance.Then, sue your debtor.The idea is to avoid getting wiped off if the sale of 1st won't produce surplus and still provide a future opportunity to negotiate with the debtor when the pressure is on and YOU have the upper hand. 

I have flipped a few properties (a few SF residences, a 4-plex, and a farm), but my main thrust is to buy and hold income-producing multi-family residential and commercial property; however, I am open to anything as long as it makes financial sense.