The markets mentioned in the post appear to be experiencing some speculation but I believe values will plunge again if the economy does not continue to improve.

Perhaps there is an easier route of investing than trying to deal with probates?

This even makes file keeping even easier because I don't have to have files locked and highly encrypted/secure because they have social security numbers on them.The problem: I never get the social security number once they become a tenant.

Kinda of sucks but it is what it is.What I'm wondering is if I can bypass all that and put the condo in an LLC so that it will just appear that I have a business income that covers a large portion of my debts (existing mortgage).

Doesn't appear to be any margin for a rehab or wholesale deal.

In the past we've included water bills in our lot rent, as we don't have many tenants and it's just easier, but recently the small towns we are in have raised their water and sewer rates so high that it's eating us alive and we are looking into sub metering.

If you are looking to resell the units in a short amount of time then consider SFR because the resale is easier, the gains can be higher and the interim rent is higher as well.Tim Czarkowski makes a good point about financing.

Demand will be strong at this price point as the competition will be significantly inferior quality.24 unit complex (4 buildings x 6 - 1br units) built c.1978 - end of life interior but exterior structure / mechanicals appears sound.NOI forecast at 83k.Renovation budget at $375k inc contingencyPurchase price of $250kOur Bank will go to $565k @ c.4.25% for 5 years with 25 year amortization - they hold the note for the existing owner and know he is slipping into the default zone.

But then again, it's easier to catch up with folks when it's not too crowded.

It appears it is a Freddie or Fannie product.