From the countless blogs and forum posts I've read on BiggerPockets it seems as though a lot of investors choose to stick with neighborhoods/municipalities they currently live in, or are already familiar with (it cuts out the step of learning a whole new market).

Cut the cash draining properties and keep the low maintanince long term tenant ones.

Who is going to cut you this check for the 1% transfer tax, and the commissions?

If your numbers are correct, the rehabber may have cut some serious corners.

From an economic standpoint, I am a contractor by trade and occupied units cost way more to work on - I have to cut materials outside and run the stairs to prevent damage to personals inside the unit instead of covering the floors and working in the next room.

Or better yet - cut flowers.

With the SAFE Act cutting down on the number of owner financing transactions, I imagine many people are renting out their properties instead of financing them.So, I was wondering if you can purchase an income stream from rents in the same way you purchase a note.Well, actually, I know it wouldn't be the same way.

Consequently, your 401K can hire a property manager, and then you get to interact with them the same way you do your contractors.You cannot slop paint on the walls, shovel the snow, cut the grass or sweep the walk.

In and out in a few months and I can cut my losses if things go south without having monthly reminders of a bad deal.Best of luck to you.

The $3,000 will allow me to make improvements to the units that will, in the long, run make the property more profitable and valuable.There is no budget for improvements...There are a few things I am going to do myself that will clean up the property exponentially (cut the trees/bushes and pressure wash the property).