Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

Also good to know if they follow local rent control ordinances if applicable.Price wise, check if current monthly rent/ projected rent is at least 1% of the sales price.  

These are all rent controlled buildings and it has taken about 2 years average to stabilize them at the higher value.I think there are better deals after a price correction drop - e.g., 2009-2011 and I made a number of purchases then.  

Regardless of how you get on the hook to take "control" of it. :)

Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

I know have 100% of my time (no income from the business, but it's a net gain to have full control over my time).- I've finished remodeling my duplex and have it listed for sale.- Once our property sells, I'll be moving my family (didn't mention this before, but I have three kids under the age of 5, so having time is doubly important to me/them) to Utah (Logan/Smithfield) where I'll start building my real estate business (wholesaling and flipping).- Why Utah?

When I say "real," I mean able to realize, and control it, if necessary but operating it how it how it needs to be done.

. :) Hi Bill, When I was in estate planning,selling business continuation insurance, especially for MDs and JDs, we talked about FLPs, Family Limited Partnershiips, where creditors are hamstrung, Dad owns 1% but controls 100%, charging orders from creditors are difficult to execute. http://www.assetprotectiontraining.com/apt-flp-practice great offshore and FLP videos.

Remember you don't have to own a property to control it.