You, being an attorney, I would assume working with buyers will be very time consuming and not fit into what you are looking to achieve.

Also, in order to make your margins you need to do a lot of the work yourself which is time consuming and risky when you start out and don't know what you are doing very well.

It's active work, they take a great deal of time and can be all consuming.

Run your mailings for 3 to 4 months before giving up, some studies show that a consumer needs to see your name at least 6 times for it to register as someone they know.And don't look for huge numbers if you're converting 1% you're doing exceptionally well.

pretty much par for the course over the years of landlording my only comment was you trying to garnish his wages.. that's time consuming and not always worth the effort. and many times rarely worth the effort.. next tenant will probably be better.

@Ron K. if it is likely that the average consumer would look at your marketing and be mislead with regard to your business purpose or offering then it is a risk. 

That's with another investor too, any tenant occupant will be a consumer transaction subject to Dodd-Frank and you're not selling your principal residence you're selling inventory as an investor/dealer.  

I'll have to keep a closer eye on them now.I will say that when I was managing them myself, my gains were significantly higher.It was far from passive though and just too time consuming without enough benefit for me personally.

You may want to also pull out statistics in project cancellation/project shutdown due among other things, State induced strict compliance to the letter, contractor's compliance and liability costs (biggest reason why significant California contractors are put out of business aside from tight competition), it's just next to impossible to earn contractor wages based on economic conditions (that being current prevailing economic depressed consumer wages cannot support re-construction costs or that wages to property modification ratios is not sustainable in long term basis), indicators, and indices (unit labor ratios, material integrity and application ratios, Local, State, and Federal (labor, occupational hazard, environmental) compliance costs, and certain and uncertain risk factors.

Avoid o/o residential and/or consumer purpose residential and 80% of the legal issues go away (for non o/o , non consumer purpose residential).