I am not yet an attorney, (although I am attending law school), but I am buying probate properties in the five western states.

You should consider yourself lucky to have access to affordable homes up north.  

WelcomeI am an Agent and Investor in Naples with investing focus on North Port area.

Purchasing a Triplex in North Hollywood would appear to have a premium price tag2.  

We are buy and hold investors in the western suburbs of Chicago and hope to start making some connections online here as well as at the upcoming BP Chicago meet up.

We are interested in learning more about buying off the courthouse steps, specifically in Kansas City North - Clay & Platte counties.

Hi Francis,North Minneapolis is definitely not the "burbs".  

Think about it, if the property was easy to sell, the seller would sell it to a conventional buyer who would pay the seller cash.Sellers generally get market value at today's prices and relief from paying a mortgage on a vacant property.Although the lease payments may exceed market rent, the buyer is building a down payment and banking that the property will appreciate beyond the agreed upon purchase price.Buyers generally make a small down payment, with little or no qualifying, making a lease purchase an attractive way to ease into the benefits of home ownership.Buyers also receive a forced savings plan since part of the lease payment is credited toward the purchase price at the end of the lease option agreement.If the buyer defaults, sellers do not refund any portion of the lease payments nor the option money and may retain the right to sue for specific performance.

I see no limitation on the exit nor the rental pool, especially in a college town. 

I may rethink B&H here in North Carolina.