I can check out my properties frequently (at least from the outside).

However Bill Gulley as Bill has stated its probably one of the most violated transactions in the US either the lender and borrower don't know the rules or they do and its pretty hard to enforce on small time lenders.Oregon did crack down on this, One " Private lender who I knew" who frequented the RIA meetings and was clearly in the bizz ( he had multiple millions out at anyone time) He received a Cease and Desist from the state regulating agency..

Less turn over costs, and the lease ups would be far less frequent making the higher initial cost a significantly better deal.

That would be amazing, but, again, your cash flow won't really be that high.You need to figure out how you would actually be able to finance this property, what all the expenses would be including budgeting for less frequent, but still very real expenses like vacancy, maintenance and capital expenditure and then see what the cash flow would be.Good luck.

In my current position I frequently write scopes of work, prepare cost estimates and negotiate contracts.

So you want to choose a site that updates frequently, removing "bad" sale data so you don't stand at the courthouse steps waiting for a sale that was rescheduled.

I would recommend getting involved on this site frequently, as every topic you can imagine is discussed completely.Let me know if there is anything I can do to help.

A buy and hold property is a long term investment, so you had better like the idea of doing taxes, accounting, and management with this guy for the next 5+ years.I use partnerships frequently for flips, and I have one long term rental partnership which I did early on in my investing career.

If one leaves then the group needs to find another person to pay the rent.He checks up on things frequently and has some good lease agreements specify for student rentals.You are welcome to pick my brain any time...some people say there isn't much to pick, but I try and ignore them..Dave

I am a realtor in Las Vegas and most of my clients live in other states or countries so I frequently have discussions with potential clients concerning how I would determine where to invest.So we are on the same page, I believe all investment properties must meet three criteria: Sustained profitability - The property must generate a positive cash flow today and into the foreseeable future (10+ years).