As a check spot check, we recently secured an off market property where previous tenant pulled all plumbing and wiring through sheet rock which required a full house re-plumb and re-wire. 

Brian...thanks..... if you buy a note and get a deed transfer it works easily once the banker or lender agrees...might take a few arm twisting but they do not want non performing notes at the bank.Pretty easy really...and gets a owner off the sherrif sale hook and the bank is finished with a deal going bad fast.

Hi All,I am looking for a handy person  to perform maintenance and repair tasks as needed for 1-4 unit properties in the Western suburbs of Philadelphia. 

Safety, security, opportunity for myself as well as family/friends, leisure, free time, etc.

Any info on how they perform would be great.

I'm thinking about a family syndication that would allow the parents (my parents and their siblings) help secure homes for their children (me and my siblings/cousins) while giving the parents an investment return.My thought is, someone like me or my cousins do not have the capital built up to get a loan from a bank that does not include PMI so offering the "syndicate LLC" a higher return on investment for a short period of time while allowing the child better leverage to grab a house with the cash that the syndicate provides. 

If that is the case then I'm pretty sure that what he is offering are securities and therefore such deals must comply with SEC regulations.I'm not an attorney so this is definitely not legal advice, your best bet to get clear on this is to talk to a real estate attorney first and also consult with an SEC attorney.

If he wants to stay, he will stay long enough to burn the security deposit if he decides not to pay. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I like the idea that with his rehabbing experience he could help me find good candidate homes to perform the rehab on.