I'd been thinking about a strategic way to diversify my investment portfolio to include investments not dependent upon the stock market, then a friend and fellow BP member) told me about this site.

You might want to strategize with your agent to look for properties that have been on the market a "while".  

Even though it requires more work and strategic thinking, we are able to double our money every 3-4 months with enough opportunities present to scale quickly instead of tying ourselves down to a few properties that will appreciate consistency over time.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if I can be of assistance.

What we can do with the property (addressing deferred maintenance, strategic upgrades and improved management) determine if the property is worth pursuing.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if I can be of assistance.

IMO, there are not enough firms on both the CPA and/or legal side that attempt to integrate these (through strategic partnerships). 

Great advise and insight.This gives me more assurance in formulating a strategy for this property.I have the ability to make an all cash offer to close, that's why I was wondering how low I should offer to begin with.80% of the listing price could make the numbers work, but I need to find out what specific work needs to be done, ie: non-permitted work that might need to be torn down, plus rehab costs etc.The current listing price is slightly above market comps then you add in rehab.

This will allow you to formulate the LLC during the inspection period. 

. :) Only my Los Angeles agent has found me a few ARV comps, about 4, and I would very much have acted on them if the numbers had worked.Now it's time to re-strategize.