Sure, I get that if the deal is good, who cares... and no one likes inherited tenants anyways, but I wouldn't mind a little more protection during the purchase.

If he rents her house does all money (approx 1500.00 month)have to go into a trust to protect it so she can still qualify for Medicaid?

I've also met with a developer who said he looks to "double" on every deal  - meaning he is spending 200k for land/permits/materials/labor and targets a 400K sales priceIn my area, 4 units+ is the trigger point for all sorts of additional complicated planning reviews and requirements, curbs/gutters, traffic studies, environmental reviews, etc...       

So a math example would be: buy for $100,000, spend $20,000 fixing it up, sell for $150,000, pay taxes on $30,000.

Just spend your every available moment searching and turning over every stone to find a deal. 

I can usually find nice MFs in good areas (Merrillville, Portage, etc) at 12-15 caps, but i spend good money to find the deals.

You could borrow up to $100K and spend it on anything and the interest would be deductible.

You will get a lot of opinions on here, and none of them will protect you when you get sued.

I was just commenting that many folks are new to investing and look at the 2010 metrics as what is normal or a good deal.. we are in a new normal stage of the market.. will it crash again who knows.. but this is the marketAS the poster above mentioned you will always have the US  owner with their financial issues and hoarder houses and burnt out landlord syndrome.. so I guess like you have done it becomes Gorrilla marketing to find these deals.. so that means spending some sort of money on marketing for them.. or wholesalers or what have U..   

Now to see if this was the right way to spend my retirement.