If so, I can't even imagine how many great sub2 / lease option deals he must have thrown away.Yeah, he finds the lease options to be too time consuming for such a low pay off.

I'd rather have a car lot, less stress, fewer regulation, money can be the same or better, inventory is easy to find and it turns faster, but that's just me. :)

People are taking fewer vacations.Sounds like a better plan there would be to get options on houses then to aggressive marketing to find a buyer.

this is very time consuming and I am getting frustrated.

This sounds like a loser as a rental (read up on the 50% guideline which states that half of your gross rent will be consumed by expenses and vacancies over time.)

Push back and demand they provide a property accounting of the deposit and a refund of whatever amount isn't legitimately consumed when you move out.

The parts that are tedious and time consuming, like direct mail marketing and answering the phone can be out sourced.

There is not enough volume to only fund locally, so there are many fewer companies compared to hard money lenders.

It's so time consuming and as soon as you start painting, your phone will ring or there's fifty other little things that need to be done.If you can do the work yourself in a timely manner when starting out, I think it's good.

I know lots of investors who want properties on the north side, but there are a lot fewer investment property deals up there because the price-to-rents.