I would assume hourly but so far I got 3 offers and they just posted $25.

What hourly rate are you offering?

everyone wants to look at 3 properties, make 1 offer and be done. 

@Nick Maugeri no bank will offer a LOC on the properties (even with very attractive LTV) bc they don’t want 2nd position.

I keep all my real estate Investments in Kentucky. 7% or more is the norm for single family residential while in California you most likely land around 3%-3.5% cashflow, you're not even close to cover the interest rate.Definitely check out Midwest states, they offer low entry point and stable rental market.

It seems the post was meant as a joke, The real joke, Bob, is how many people have contacted me directly with offers to invest this money with them.

my father has been investing in detroit for 22 years over 100 different properties i am not sure which is the better choice but we always have the tenants fill out an affidavitwater bills in detroit can come in extremely high at times and if the tenant decides to skip out on paying rent and bills, it can cost you thousands if it is under your name and not theirs.

The listing agent told us that if insurance offers them enough money they will leave the house as is, instead of repairing the damage. 

Was the “lowball” offer high enough that you could find another buyer?

Are there any banks offering a HELOC on rental units?