But yeah it's for real, just factor in the majority of the services and companies he using to do all the aspects of the deal, he owns or at least part of them so he's making money all the way around.

Any major pitfalls or danger I should be aware of?

There is money to be made in commercial, but it can also be a major cash drain.In Central PA, there are empty commercial properties EVERYWHERE.

Model lease backs can be a good deal in an appreciating market.One major issue is the strength of the builder.

I've got a property I'm looking at as a possible rehab, but after doing a walkthrough it appears as if it was either a duplex that was made into a single house, or had major additions done.

The major title companies were the first ones to have problems.

I'm not going to send a check to a treasurer whose term expired and may not even own a unit anymore, without some idea of where the money is going and how it will be used.The commons areas need attention, but even if I got on the board and straightened things out, I doubt very seriously that I could get a majority agreement from the rest of the owners to make any major expenditures.

My question would be why mess with something like this when you can enter into another market with less risk and more CASH FLOW.I think this has become a MAJOR problem, that many investors are looking to get into the game, but they are trying to stay in their own market and they can not make any money there.

I cannot be there to see things for myself, but I see is prices $1 to $30,000 for 3 bedroom houses 1 - 10 miles outside major us cities by populas such as houston, detroit, chicago according to realtor.com.

No, because they keep repeating the same mistakes, regardless of the party majority.