The main advantage to that is the house will step up in cost-basis when my uncle and dad get it.

The biggest hurdle is getting the capital upfront for deals.

Most of the time you can't purchase a property with Fannie/Freddie money mainly because they take too long to close. 

In London I use to be an estate agent mainly dealing with lettings (student renting).

They don't have access to the main account and I switch the money over each month. 

I have the main house they have a smaller 2 bed room on the side of the house.

I live in the main part of the home and rent out a 2 bedroom apartment on the side of the house.

For instance if you were in my area and you had one you would just call me "Hey Mike call John Smith on 123 Main street, they want to sell".

@Paul Bergagna To cut it short and sweet, yes CT has a problem but it should not be treated as the "sky is falling"The main issue, after taking a Market Analysis course in CT, is that we are losing our "good" 100k+ jobs and replacing them with 40k jobs.

On 10/26/18 there was a flood in the home (fault of my own) causing damage to the kitchen, master bed/bath (my room), and the main living room.