Value add can be a tricky game but it never hurts to put in an offer, you always have the DD period to get more precise with your numbers.  

For very passive investors, the same could be achieved using a variety of passive vehicles ranging from REITs to real estate crowdfundng investments, albeit at likely lower returns.

If you're looking for something to replace your 401k or another investment vehicle to give you more passive returns over the long haul so you can comfortably retire, that's different than the person looking to quit their job and dedicate their full time to acquiring and managing properties. 

@Radhika Morabia, Driving for Dollars essentially means getting in your vehicle and driving around looking for properties that look like they may be vacant or neglected in some way, bad roof, broken windows, unkept landscaping, etc.

I suppose the two mortgagees could agree to a common vehicle to take title and then have the pro-rata split but that would be a mountain of work and not likely on a residential asset.    

So my question is what are some low entry real estate niches with short cycle times to ROI.Very loose example:  Is there a vehicle out there where you can put in $2k - $15k and get back 20 - 30% (or more) return every 4 - 8 weeks, wash rinse repeat?

That's precisely the reason why I reached out to the community - to gain knowledge from other people's past experience.I'm looking for suggestions, it's not exactly a "right" or "wrong" situation, as you put it.  

And in a case like this, perhaps flipping would be best but i feel like that requires precision as far as market and contracting is concerned.Thoughts and advice would be much appreciated!

Also the police ask them about an illegally parked vehicle.

Furniture, appliances, vehicles, et al are not covered in the same manner, but almost every state requires special licensure to so engage.