Option 2 can get super expensive super quick and you essentially bought an investment that declines in value over time, especially depending on price point, not to mention if you want to properly record it it will be a pain in the butt and the lender likely would have issues with that type of arrangement.

THe painful part is sorting through the garbage.

It's painful because I'm new at this and want to just approve them. 

IT was a pain but, it didn't keep us from renting the place. 

PA, in its infinite wisdom, requires payment of real estate transfer tax even if you transfer a property from yourself to an LLC you own - it might be a pass-through entity for IRS purposes, but the state wants its transfer tax anyway. 

He said they usually glue the floor down, so it's a real pain to have to scrape it up.

@Joshua Ferrari Great post man, I took the leap of faith in wholesaling over a year ago and actually struggled initially, after some growing pains and self education I am back to here make an impact in the wholesaling space

It’s a pain, but extends the longevity of your property and prospective tenants have always had positive feedback about this.

If a property fits my investment parameters I buy it, regardless of market psychology.

There are so many things that would be a pain to handle otherwise.Cozy's fantastic if you're managing just a few properties.