It's always driven me nuts to see all these properties go at less than what I'd pay for them during the owner occupant period but I'm not willing to commit fraud to get a deal. 

I have done piercing the veil lawsuits, and I think separate entities for each house is nuts. 

Back then they were leveraging 115% LTV...that was nuts, and irresponsible.  

In those cases, simply discard the new ring and nut which come with the new valve and use the old ring and nut.

Dc is both bad for driving and for buy and hold investing due to prices....quite simply, the nut is just too high.

Property is in Columbus Ohio, in a blue collar neighborhood with not  a lot of appreciation potential.Heres the nuts and bolts of the deal.Offer price $135,000comps $124-150k low side being REOs (not much equity)Gross Income yr              $28,800Minus Vacancy (10%)=   $25,920Repairs, maintenance, property management (5%)                            Taxes, insurance,advertisingCAPEX ($250/unit/year)Total Expenses              $10,47230yr mtg with 20% down at 5% payment would be $580I'm coming up with cash flow of $176 per month with COC return of  25.4%Any thoughts?

I think it's a great idea, especially if there is a marina on the lake that has a gas pump.. but if not still not much of a concern as long as you provide a extra gas tank for them to get gas.My son rented a pontoon last summer when we were between boats and was like $150 for the day..Get a good lift, and have lots of life jackets, and a bunch of fishing poles. 

If he's fishing for offers and trying to find a sucker then that's a different story.

If you are not employing these strategies your fishing pole will continue to go without a nibble.  

I'm a little fish in the San Jose pond compared to these gentlemen.