Next step is a multifamily property.

These tools help you keep an eye on the property remotely.

Investment Info:

Small multi-family (2-4 units) commercial investment investment.

Purchase price: $665,000

Cash invested: $200

Sale price: $665,000

Its a Duplex 2bd1ba each unit, nice backyard an...

Look online to see if any properties are being offered for sale or rent with a legal basement unit and you may get a tip off.

Having a good team can make a big difference in fixing up a property, avoiding hidden issues, and saving money in the long run.I recently found SureBuild Restoration – they offer a lot of home restoration services and seem pretty reputable.

To that end, in most cases even if the properties are owned within an entity, the principles (investors) will need to personally guarantee the debt.

Now that I am retired, I am eager to: 1) Gain hands-on experience in flipping homes in Florida, 2) Find properties with potential for value-add/forced appreciation, 3) Partner with experienced home flippers for collaborative projects.

Directly investing in real property investments, whether property, notes, tax liens, or leases requires a THOROUGH understanding of all LEGAL aspects concerning real estate law in general and the investment in particular.It’s IMPOSSIBLE for someone who hasn’t accumulated either a legal education in real estate law or 20 years active experience to have the knowledge and understanding of legal aspects sufficient to reduce legal risk to an acceptable level when investing directly in tax liens, notes or real property.  

I’ll prioritize continuing my search for distressed and discounted properties, avoiding those areas you mentioned! 

@Rick Albert is right on and gives good advice.I'm actually wholesaling a property this week, but this just happens because I am in the game doing flips, developments, and rentals. i would never try to make a business out of it.