"Thank you for buying our house" Seller's are not daft or stupid...heck I bought a house from a trial attorney that makes $300/hr....I wholesaled it...during the negotiation, he ask so how much do u wanna make...i said $20K and he said subtract it and give me the rest....we did the deal....Seller's know what agents do, but they choose to call investors cos we can close fast and quick without the hassle of showings, staging, cleaning, fixing, and so on....sellers know investors are not non-profit organizations.

I currently have a remodel loft apartment very near to LSU that will be complete the first week of March and I have 6 folks that will all likely pass the screening process.Also, as your rental circle grows people will begin to contact you for available units, organically.

I know Exit Realty was an organizing group, please correct me if I am wrong.

@Chuck Toney, since you're not a 501 (c) charitable organization, you're parents can't "donate" the property to you and your sister.That being said, the IRS does allow "gifting."

The fact that they determined Phoenix to be the ideal market to undertake this endeavor leads me to believe that the economics of the area will lead to more organic property price appreciation.I'm interested to see which other markets they dive into with this business model, those future metros may also be considered favorable investment zones for flippers as well as buy & hold investors.

Look up an organization called NACA.

Overtime you start getting organic visits, not just the paid variety.

My real estate agent helped me with organizing inspections and they found many problems with the house, including issues with the foundation and the roof.

I also know an organization, the Providence Apartment Association, which was formed to fight the fact that taxes on landlords in Providence have skyrocketed, compared to owner occupants, over the past 10 years.

@Colleen BrooksI think @Marc Winter is organizing these?