@John Morgan, unless your net worth is more than 1 million dollars.

Based on what you wrote here, I think the lesson should have been to not chase a specific number of properties, rather chase a specific number of dollars.

Now he uses property managers and I would bet dollars to donuts those professionals aren't offering cash for keys.I have 15 years experience managing 400 rentals and I have never offered cash for keys.

When used correctly a zombie property can be purchased for pennies on the dollar and then the hidden equity can be released via a quiet title action.

In order to get the attention you want through online ads (which last I checked Facebook ads require such a wide range for the demographic that it is almost not worth it), you would likely need to spend literally thousands of dollars. 

Now I did refi a few to pull money out to help my growth along the way.But essentially I turned a 43k heloc into a portfolio that, had I not sold any properties would have been worth well over 16million dollars with loans of close to 7million. 

You can also build a Modular and save a ton of money and have no problems sellng it for Max dollar.  

Spend a few hundred dollars and speak with an attorney.

I don't know.So for $56,000 dollars down plus (an estimated) $7,500 in closing costs plus another $5000 in furnishings, you get an asset that produces about $500 dollars a month. $68,500 / $500 per month = about 12.4 years to get back the intial investment.  

This is generally code for they invested $25k in a sponsor's project among a few million dollars of syndicated preferred equity capital and it generally is in some type of hoped-for reposition project.