Norristown is the same although they have a lot of gas heat homes (which attracts tenants) and taxes are cheaper.

TAX's are ridiculously low.. my 700 acre treefarm outside of Willimina the tax's were under 1000 a year.. and that on a property we paid 1.8 million for ..

An accredited investor, in the context of a natural person, includes anyone who: earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).for full details, see the first link

Thank you all for spending time with me on the phone or in person when I had a million questions.You were all a great help, hopefully I can return the favor some day!

Generally speaking, would buy and hold investors consider a purchase of a portfolio of rental properties, 90% occupied, for 85% ARV if that 85% resulted in acceptable cashflow (say $15,000/month) and over $2 million in equity?

This might just be the price I have to pay for living in NYC and wanting to invest without millions in initial capital. 

The nicer you make your units, the more likely you are to attract better quality tenants who will stay longer. 

Using a compound interest calculator and taking a 30 year windows and a married couple maxing out their Roth's and averaging 11.52% in a Vanguard S&P500 Index fund it will amount too 2.7 Million, no taxes.  

Or i could personally work something out with a current experienced investor; share my plans. 12 month goal to raise 50 million.

The MLS price is not attracting any offers, so they go back to auction with a lower reserve price attempting to unload a stale, non-performing loan.