My slightly over $500,000 purchase in 2008 (everybody was predicting an immediate crash} has a comparable just sell for $900,000 and a lesser comp on the market for $890,000. 

Account Closed Yes, it is also my understanding that if the property is bought with debt as a component then the possibility of anonymity is out the window.Thanks all for your replies.

I work with many trust attorneys as I advise mutual clients on the trust tax component (domestic and international) and happy to refer you if needed.

The pull back in these markets is due to a confluence of many factors, but it started with these environmental factors:Low interest rates and easy financing for new projects.Structurally high rent growth on existing inventory.High wage growth and high job growth.Very low vacancy.These factors led to floods of institutional capital coming to these markets to snap up existing multifamily inventory and build new supply to meet demand.For these markets, the last 5 years have been a seemingly never ending party!

@Nick Yates, honestly there are lots of ways to add value and be involved.But, just like wholesaling, it is all about connecting the dots:There are typically three main components to any deal:Sourcing a dealSourcing the financing (typically the equity needed)Executing on a business planAs a wholesaler, the deal and the financing may be easier, since you are effectively playing matchmaker.  

If in Austin for example you may have environmental inspection fee or whatever they call it....

Most PMS systems have a channel manager component included, but true channel managers are more robust and usually connect to PMS. 

It depends on the condition of the property.As a rule of thumb, for a well maintained property with mechanicals & structural components NOT nearing the end of their lifespan, I budget 10% for maintenance in the specific market I invest in.

For the best result, you should search for properties that match your zoning requirements and don't have any environmental, wetlands, flooding, etc issues. 

We are looking to purchase two rental properties near a college campus with no value add component planned for the near term.