If lien holder on the abandoned property fail to enforce their liens within the 6 year statute of limitations, and if the absent owner does not show up within the 7 year period of adverse possession, my company could either simply continue to quietly collect rent without taking ownership or could quiet the title and sell the property.Eventual acquisition of clear title and sale of the property should not be necessary to make this plan succeed.My idea is that sufficient income would be achieved through managing the various abandoned properties for rents and resources.My company would be serving the community by providing needed low cost housing alternatives –often the opportunity to place or rent an RV on the vacant lots, we’d also provide rentals that tenants can pay for by using their own labor to improve the existing housing.Jobs would be created.And, I believe, the general community will be served by our company maintaining and improving a number of properties which would otherwise become waste.Governmental interaction would be avoided by indefinitely collecting rents on property abandoned by others or at least by not owning the properties until the very end.I would keep the visible business footprint as small as possible.Doubtless this plan involves more work than simpler forms of real estate investing.And working abandoned real estate will require creativity to improve and/or capitalize these properties which are considered undesirable even to their owners.I am attracted to working with abandoned real estate because it provides tremendous privacy.My company can control and collect rent on multiple properties where there is no public record of our interest.

As long as you, the property owner, are patient, it saves a tremendous amount of money in disposal fees.Thanks for sharing!

It's something I've been struggling with for years, despite the tremendous success I've had over the last few years.

I look at the lifestyles of the tremendously wealthy that have come out of real estate (today its not too hard to become a millionaire if you play it right), big mansions (if you can do what Cardone said, and pay the house off in cash),  luxury cars, you know high class living.I'm not necessarily looking to make it a career, rather one of many sources of income to build up a pretty net worth.

.$60k of depreciation, and only $15k of cap gains seems odd, even with a tremendous amount of capital improvements.  

These number can be improved tremendously, but still are good compared to traditional investments.  

Hi everyone,Just wanted to start of by saying this site is great and has been a tremendous help and wanted to thank everyone that provides feedback on their investing experiences..

That mix of appreciation and cashflow has helped tremendously over the last few years.

Thank you both for your responses, they're tremendously helpful.

@Thomas Franklinthanks for the screening question that will help Tremendously!!!