B and C multifamily will be there for you, when you're ready... the first step is to get your basic balance sheet in order.

The basic psychology is still relevant though.

My goals are to build passive income and eventually be driving a porche 997 on the daily.

I also have been able to find a few off-market deals by driving around town and contacting owners through the county tax site.

Because of this a relationship is formed and most tenants do all they can to fulfill their end of the deal.Coming back to your question, I am leveraging what I’ve learned with dealing with people and forming a property management company, partly because I don’t think it’s hard work, secondly because I think their is an opportunity to make money, and most importantly because there are a lot of crappy property management companies, both from the perspective of tenant and owner and I hope I can do a better job.Sorry for the rant, but the property management stigma as being too hard and dirty drives me crazy.

He advised me that a lot of contractors won't warranty their work unless they basically brace or modify the entire foundation.

Basically the message to the seller is that you can make things very difficult for them. 

I like to drive the area, see if people are taking pride in their homes.  

I drive the greater Jacksonville/Wilmington area for my full time job so I see a good amount of properties. 

So basically we have delegated the LLC to act entirely on our behalf for all things related to the property.