The 2007 version is the for the same size development and area as now, a 4/5 story 15 unit multi-family condo bldg.

Fee structure and operational complexity really depends on the size of the project (# of tenants), complexity of leases (expense reimbursements.e tc) and  needs of ownership (REIT accounting requirements, frequency of reporting, leasing?

Another very high yield strategy is to buy partial real estate notes then resell another partial (that you create from the partial you purchased) for nearly all of the price you paid while retaining a portion of the note (perhaps a balloon payment).

I used a medium sized bank last year for my HELOC. 

the big issues there........ the government is corrupt as hell. especially in the muskegon heights area. my brother has had no end of trouble with these people. also, other areas of muskegon, such as the city, they hire out their inspections process to a place called safebuilt. these people are worse than the government over there. my brother sells a lot of his houses on land contract. these people simply refuse to accept this as a sale and call his houses rentals. they claim this gives them the right to issue him tickets for repairs needed because he is the " current owner of record". they use a portion of the government system that is outdated and has inaccurate records to claim he is the owner. consequently, he winds up in court all the time with new " violations" on these " rental houses" that he has full proof that he sold years ago. as of yet, he has be able to beat them in court just by proving that he no longer owns them, but he is going to court almost every week with them. i believe they hope he will just give up and pay the fines. that is not gonna happen with him......lol. but, just so you are informed, muskegon may appear to be a good place to invest, but you will have serious hurdles to jump over on a regular basis. 

This would be a good way to find a buyer quickly.If all else fails, you can always do a joint venture with another wholesaler and split a portion of your profit.

Do you due diligence on each lien or deed that you purchase. know your exit strategy; know your real estate basics like rehab, land lording, wholesaling &  I even see a new trend of selling portion liens in 2 investments clubs.

Because of that, the deals I began targeting are tear-downs or houses that require a substantial amount of construction to fully maximize the size of the lot.

Look at this information===>Single Family Residential814 sqftStories: 2 story with attic and basementRoof: Shingle (Not Wood)Basement: Unfinished Basement 2 BedroomsLot Size: 2,975 sqftParking: Detached Garage2 UnitsCounty: Cook 1 BathroomBuilt In 1904Parking Spaces: 1Construction: MasonryTax Rate Code Area: 72167The Seller is asking 5k down, and selling the property for 25K.

That is, investments that generated large passive losses that a taxpayer used to offset a significant portion of their income.