I imagine he's talking about part timers who wouldn't benefit from the extra complexity of business entities.

I want to buy a few houses, rent it out until the market improves, Sell it and buy a Complex...

I'm looking for an agent who has experience in Condominium and Townhouse/ Townhome foreclosures.

My ultimate goal is to have several apt complexes providing me a steady stream of $$.

I want to thank some BP members for the property leads on large complexes they've givin me.Thank you.

San DiegoSale price: $60,0001br/1bath70 units in complexHOA: $200Rent in area: $900Build in 1970We are thinking to make an offer, but we found out that this complex has HOA financial problem.

The answer is a big no you couldn't rent a 300k house for 8,400 a month in income minus expenses of course.As the rents increased some over the years along with appreciation you could get very nice returns.If you had 300k to invest you could also buy a distressed asset such as an apartment complex with deferred maintenance and occupancy issues for cash and turn it around or use hard money and once the property is stabilized refinance in a year or sell off for a profit.What you can do depends on how much money you have to play with without bringing in another partner or raising capital.Hope it helps.

Being accustomed to dealing only with SFH it seems the sheer size of a 200+ unit complex would make it more complicated.

But, if the problem is severe and grading doesn't help, you should probably look into more complex solutions (foundation drain, dry-locking, water barrier on exterior, etc).I know a lot of flippers will say don't worry about it, but if you're trying to build a good reputation, fix it...

My husband and I are builder / developers of a green built condominium community.