Some guys use CMBS effectively but I have always found better options.I regularly use options 1-3 depending on the deal as our strategy is similar: purchase, add value and reposition, and then pull out cash to return to our investors.Andrew

What is the most cost effective way to get this done?

It takes a while but is an effective way to learn the market and find deals.

In deciding whether to buy a big multifamily property or not, does the fact that there has been a couple of shootings over a couple of years in the complex play a big role? What about reports of sewage flooding apartm...

I am a man of my word and I know the importance and effect of hard work and dedication.

@Tony Zheng - The 3 most important aspects to an effective direct mail campaign are 1) A quality lead list, 2) A quality mailpiece that gets you to stand out. 3) Follow up/Consistency.1) For a quality lead list, you want to spend time finding niche lists (DFD, tax liens, code violations, etc.).  

Typically, an elderly homeowner effectively takes equity out of his or her house without having to make mortgage payments.

So effectively, USAA writes my umbrella policy, when it otherwise wouldn’t.Why don't I want USAA to cover my investment properties?

If you are showing and finding the prospective tenant and they are just assisting with paperwork, it might be cost effective.  

Ergo, when you subsequently sell the shares you would owe capital gains on the difference between your basis ($500) and the amount that the stock was sold for.Say, you eventually sell the stock for $1,700, your capital gains would be the difference of the "carryover" basis of $500 (NOT the $1,000 FMV as of the date of gift) and the selling price of $1,700; hence, your capital gain would be $1,200 - subject to the capital gains tax rate that would be in effect at that time.Again, seek out a competent tax advisor for further guidance.