Maybe you could share more about your background and what you bring to the table to attract rehabbing mentors?

We know that the place attracts those type of people who are willing to plunk down that kind of cash and avoid the chicago winters.

Yet, they attract similar tenants as apartments do.

With the housing meltdown, the property value is down and so I cannot even sell without taking a hit, plus renting has become harder and there is a lot of pressure to reduce rent etc...So this strategy will enable me to have more flexibility on being competitive on the rent i charge which I reduce to attract stronger tenants, without taking a loss on my monthly rent cashflow...I was looking at all the options given my circumstances etc...Please advice as I am new to all this...What do others do in my scenario...thanks

So create a landing page to attract investors.

I'm just wondering how far you want to scale up and at what point do you want to hire more out and automize. hey william,all good questions. i have not read that book, but i will see if my library has it. i actually do not have a monster day job, just a worker bee engineer without any dreams to climb the corporate ladder.i do not have a rentals limit, i just whatever fits my criteria and my style. by style, i mean, the house needs to have a curb appeal and be in the right area. there are TONS of houses i passed on because they were either "ugly, weird layout, or in an area that wont attract the tenants i target. if i have the money at the moment, if i like the house and if my crew is running low on "projects", i just get it. i have been holding a few houses for the past 8-9 months just vacant in case the market dries up and i need a large project to work on.I have not much work on the houses for awhile. i still help out if i have a few hrs off here and there, but my crew keeps me in check by working only 8-5 and no weekends. so it's easy to just check on the project when they are not there and since they are not there to work, i just leave. i have a good team now, but do not have anyone that can oversee everything like i do. maybe it's because it's all mine and i know it inside/out, but no one will care for it as much as i care and know everything about it. i have spreadsheets that show purchase price, move in, move out, any changes in rent, if they have dogs, what insurance i use, when's the garbage day, what appliances came with which house, water payments for the year, furnace filter size, etc, etc... i update those as the "issues" happen. no one can do a good job unless i pay them a lot of money.my current payroll is ~120k per year, all sustained by the business.i think about quitting my day job often, and i certainly do not need it. but it's easy money, and the biggest fear i have is rentals drying up, like they have been. then what am i going to do?

If you have only found them through VRBO, what verbiage/headlines have you used to attract these types of clients?

They are attracted to a nice older home near downtown.

@Darryl DahlenHi Darryl, My wife and I are looking to attract small balance debt and equity, to participate in our scaling of Adult Residential Facilities-DD (developmentally disabled adults ages 22-59) ARF-DD.

The other factor is having desirable properties and not a hole in the wall dump, that attracts trouble.