Personally, I've found that mailing to delinquent property tax owners brings in some pretty spectacular results, and the property owners tend to be VERY motivated to sell (you can send them some pretty ridiculous offers and they will seriously consider taking it).Getting properties for 10% - 30% of market value is *absolutely* in the realm of possibility, and you can virtually eliminate your competition.

Given the industries around them, it seems it would work well for a metalworker, sculptor, blacksmith, etc.The university nearby has a well-regarded design and art department and there are several other art academies.

They spent thousands on things like: a virtual tour that included high-quality production values with voice-over narration and music, a 4-color professionally-printed brochure, and open house parties for agents and the public.

If it is taxed as a partnership, your taxes on rental income will be virtually the same as without any entity.

The city has virtually no real crime, there hasn't been a murder or even manslaughter for years, assaults are very very rare (even though city is 200k, metro 350k pop) and their idea of a crime spree is a couple guys stealing ipads and purebred puppies.

World class universities and medical centers, every amusement facility you can imagine, cultural events, sports team, and shopping galore!

Now some people on BP talk about renting to college students by the room, in fact my son is renting a room in a house near his university and it works out very well.

I know lease options are another option however I'm not comfortable doing them long distance like I am with virtual wholesaling.

BP can be a giant virtual mentor.

However, if they're not paying because they simply don't have the money, then it's obviously not going to be spending after all.Personally, I do believe that the economic crisis has been fairly effective camouflage for the greatest transfer of wealth in our history - not just in the US but worldwide, leading in to virtual economic slavery to come for the majority of the world population