Some would argue it’s like buying gold as it is a hedge of protection against inflation however the first people to get the ace in a recession are higher paid management white collar types that are usually your tenants base in A class properties

It is the county of the property's location that holds all the important records: chain of tittle, collection of property taxes, recording the sale and recording of any liens.

A lot of investors have just ghosted but I have had a good 1% response rate and those investors are actually pretty interested (if not who cares I'll find another, one man trash next man gold) and would like to see the property obviously before buying. 

Great points, great analysis by @Mike Bonadies.One thing I will point out is that people don't generally dump "gold mines" -- if the property is making money hand-over-fist, then there's no reason to sell except if the seller is executing an exit strategy or maybe priming for a 1031 exchange.

I have a friend paying $800/month for a room in Gold, if that offers some perspective. 

We also preach an open communication channel with our tenants  we also installed wireless water detectors under every sink, the washer, and the boiler room which have been worth their weight in gold because they are super obnoxious which forces tenants to deal with it right away, and it notifies us on our phones when one goes off so we can text directly to open the conversation.

I don't think this would be a step transaction but I'd vet it further up the chain because it's got the "feel".  

I did a fractionalized note in Oregon and got a fine they are allowed in most states but not ORYGUN..So start with your regulators and then move down the chain.  

Originally posted by @Barry Ruby:@Montez Greer to have legal standing any real estate transaction requires an agreement must comply with the Statute of Frauds...If the deal isn’t in writing it doesn’t exist  I'd actually be curious for one of our resident lawyers to chime in.Specific to real estate where "verbal contracts" are more or less considered not to exist, is a text chain where two parties come to agreement considered "verbal" or "written"?

I do NOT agree in the whole daisy chain thing where there are several wholesalers in the middle.