The most similar scenario I encounter is folks who buy trailers for dirt cheap to rent out here. 60k entry (or whatever they are going for) then 600 a month to lease the pad/land.

Did you end up buying there?

Investment Info:Small multi-family (2-4 units) buy & hold investment in Saint Louis.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

It can also be very time-consuming to learn, and it will only teach you how to buy sell.

Investment Info:Single-family residence buy & hold investment.

You aren’t going to create them for privacy (the county tax records will make it obvious the previous owner moved them in to an LLC or trust.)You aren’t going to create them for liability because 1) you’re going to screw up and co-mingle funds piercing the corporate veil. 2) Anything that gets the property in the LLC sued is going to be your fault, so you’ll be sued as well. 3) you’re just going to buy an umbrella policy because you are 10X more likely to get sued for something you do than something the property does.

My thoughts;  There's really no net cashflow here, so I'm hoping you're buying a lot of equity? 

You can buy it at your local hardware store. 

We ARE a chapter of National REIA, so joining gets the paint discount, cabinet program, and rebate - as well as access to all the other national vendor perks and programs.We're in process of getting local vendors and sponsors lined up as we move forward.Starting in September, meetings will take place in the evening on the 3rd Thursday of each month, 5-9pm, food and non-alcoholic refreshments provided (buy your own booze).