Does it make any sense to take on a negative equity property with a small spread like that? 

@Rachel Gill   I believe people in real estate like to share because it is a business based on networking and by sharing you are spreading the word on what you do.  

As the development of America spread westward, trade became larger and larger and boomed into tremendous activity.

at Nashua Please help spread the word to everyone you think may be interested in joining us! 

This is how most new peopl envision themselves, by making a profit from price spread. 

I believe selling on terms allows you to spread out the tax affect, but your accountant could tell you.If you do a csh sale you can do a 1031 into a new property in an area you would rather manage, could do nun commercial in another state if you want.Or you could buy some performing notes that would cashflow without the expenses of ownership.

I'm new here as well and wanted to continue to spread the same welcome that I was greeted with.I look forward to making deals in the tri-state area of NYC/NJ/CT and MD/DC/VA and networking with you.Account Closed The example of controlling the property without owning it makes it much more clear.

I'm just not seeing the spreads to put my partners or my money at risk. 

That risk is for larger funds and REIT's that can buy 50 locations and spread out the risk.Multifamily the conditions have to be right to buy or it's a no go in this environment.

Appliance cost and such will be a fixed cost spread out over less sf.