They don't stay at home, mostly use the place to sleep and they are out visiting the attractions.

I felt it was very important and would attract a lot of families and potential tenants with pets if I added a privacy wood fence around the property and separate the backyard down the middle to provide privacy to each duplex tenant.

It also means that really small time aggregators like myself and probably a few others on BP will have a larger pool of PE companies/hedge funds/REITs waiting to buy their inventory, since securitization will likely add credibility to the business model, attracting more firms (and more capital from existing firms).

My understanding is that I will end up receiving some kind of rent, but what makes this really attractive is that, barring some kind of recession, rents go up every year and the building will appreciate over time.

You can attract better tenants at a higher price point and may be able to have fewer headaches, turnover costs, collection costs and just generally a simpler transaction4 - Exit.

You could apply to some of the head line daytime shows and see if you could make your presentation; another avenue might be "Grant" money; you might consider attracting a college student to work as an interne on this project "fund raising" or writing Grant Requests to government agencies or other groups.

If you are in a competitive market, you might have to make a lot of offers before you get one accepted.There may be cases where the asking price is too low and it might be a good deal at 20% over asking price based on the ARV of the property.Make your offers more attractive by higher EM or fewer contingencies.Good luck!!

@Jeff Berry who are the types of people you want to attract?

What is attracting you there?

They are trying to attract more institutional money to buy tranches of properties and while not dictating terms as Carlos F. pointed out, the big money is looking to the REO-to-rental model as it presents the best long-term return possibilities.However, you made a statement in there that many of us have pointed to as a major problem.