I would respectfully disagree and I believe the two are mutually exclusive...and should be.  

I also noticed it in single family homes where the prices range from $135,000 to $299,000. 

They range from very sophisticated professional real estate investors that own many properties all the way down to people that have local friends that help them locate properties.In some areas of Collin County, you might have 4% of homes in a neighborhood owned by Chinese investors.

You would typically pre-sign an assignment of mortgage or DOT and an allonge (documents that transfer ownership of a mortgage and note, respectively).

What I found was a majority of the people owed more than the home was worth and many were not in a price range I was interested in working.

I'd suggest targeting 2 families below $300k (decreasing supply of these), and 3 families in the ~350k range.

I admire and have lots of respect for anyone who is in business for themselves, it's not easy to keep your head above the financial waters, while paying taxes, taking care of production and baby sitting employees.As business people this is why we need real estate to shelter our business income and to have a cash flow back-up for the times when cash flow is low in our businesses.Good luck.....Charles

@Tanner GishWith respect to UBIT, that is a tax that applies when a tax-exempt entity engages in a trade or business on a regular or repeated basis.Flipping houses or new home development are business transactions.  

I have for the most part stayed away from retail flips, but this year and last year we have done a few. 2 we listed in the $250+ range in the heart of Memphis and received above list price offers quickly, one within hours of the listing.

There are a handful of other fully occupied 6-plexes ranging from 90k to 200k around here that I’m interested in at the moment.