yes 3%.why would you get involved for that type of returns??? 

The title side has very limited involvement in the deal structuring and documents before closing.

Respond to posts and get involved in the conversations. 

Does not seem like anyting I would get involved with.

I personally prefer a legal position involving deeded ownership or secured lien position; however almost any real estate activity can be profitable given the right set of circumstances.

And start analyzing properties as well, so that you can pull the trigger when one fits your criteria. 

Im looking to get involved with one within a 100 mile radius or so. 

If they reduce price by the cost of the expenses plus a little bit for time it is the same property that you were willing to buy and hold except a lot of things will be brand new and less likely to break in the near future.In terms of negotiating don't expect much more than the contractor's bid off the purchase price if these sellers aren't too emotionally involved. 

Then others started to get involved and that is when he saw his investments start to move forward. 

At the same time because of  the smaller scale of everything involved with smaller places, at a certain level (e.g. studio) you may not be able to find a high-quality management company that is willing to take on the property because the fee vs labor time ratio may not be worth their time.