Bad contractors are one of the main reasons why first time investors never do a second deal.

Regarding finding discounted deals......That is the reason why I started a wholesaling business. 

I say not for the following reasons.  

Reason why is if you go to sell it, people are not going to comp it based on 40 year loan.

If the applicant comes from the pool of people that I or my tenants know, I use real estate as a way to give back as many of my tenants will not qualify credit wise or may even have a criminal background or would struggle for another reason if I were to just stick to the "background/credit check" criteria. 

I hope that sounds reasonable?! 

It’s not advertised, then I deny someone cause I don’t like them for some reason etc.  

LLC-A deducts the 10% management fee, while LLC-B reports it as active income, subject to self-employment tax but eligible for tax-efficient salary and distribution strategies.Ensure the setup has a clear business purpose, reasonable compensation, and documented management services to avoid IRS scrutiny.

Haverhill is another interesting area with reasonable home prices and a lot of municipal developments in the works (also the commuter rail and easy access to major highways).

Theres not really a good reason to go out and find buyers if you dont have a deal.