Lower-maintenance real estate ownership that draws on the experience I've mentioned above.  

If you can make it cash flow, give them 12% for 5 years, just don't pay too much or they will end up owning it again.I don't think there is an app for what you're asking, you may need to use some shoe leather as horrible as that may sound, it works.You can sure look for distressed properties and sales.....but another issue, if you don't have the money to buy, do you have the ability to repair, improve a complex, change it's reputation in the area, draw new tenants and make some trash pile profitable?

So I have I have posted this question on my Bigger Pockets blog, but I want as much feed back as possible. I just got into the first unit of my Four-plex, and its pretty bad. Well I think it is, first a little back...

It looks like it was on MLS for $8k for a little while and had no bites so they put it up for auction starting at $1k and still didn't draw much interest.

Don't be so easily bluffed.Trying to hide in an LLC or small corporation isn't hard to pierce eventually, internal operating agreements can provide for others to pull stings and draw compensation.

My contractor pretty much did the juicy/profitable items of the rehab and quit, namely some foundation work and roof.The HUD consultant did an exit inspection and I signed off on an exit draw.

If they step over it and you draw a new one, you are asking for more problems in the future.

Maybe it's a generational thing, or the age of digital relationships and perceived anonymous identities, but I would not expect anyone to accept my colleague request without my giving the same consideration as meeting in person.

Side note- use an attorney with considerable experience in lease options and seller financing.

You might even have to seek out bids from property management firms with permission from the board on your own and present those bids to the board for consideration.