I still have some school loans to clear up and would like to do a few exterior projects and possibly update parts of the downstairs.

I'll update you guys on my journey.

I figure the more internet real estate I have the more chances I have at getting the right motivated sellers to contact me.As for my buyer site I would need more of a realtor type site that I can list the properties I have... but not on MLS since I'm not a realtor.Lastly would be my blog website where I can talk about my adventures in wholesaling and give more relevance to my seller/buyer websites since my blog/vlog will have updated content all the time.Thanks!

Here is an update: I replied back to the listing agent requesting to see the option contract.

However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.

At 500k at 50 units you are looking at 10,000 a door going in.Those types or properties at that price point are almost for sure going to have deferred maintenance and occupancy issues and a regular bank/lender won't touch them.

LOL)Be careful on the section 8 payments.They might be high now but can have a readjustment monthly rate for the area come down the pike.I have seen this happen in a few areas.In those cases the section 8 tenants can never make up the difference so the landlords get them out to rent to regular tenants at market rate.If section 8 payout is at market rate or higher it is good but if below you have to have a real low basis in the property to rent out and make any money.

Mike Jakobczak - Thanks for the comments, I will definitely post updates either way!

OK..quick update...Ford found 2 connectors that need to be replaced on the AC harness...so...the Excursion is no longer for sale....meanwhile, I'll still post how I work with agents/brokers.

Please do that and let us know if you have other questions or updates on this deal.