We have visibility that we will be staying in this area for at least the next 7 years.Background:We both work in techWe have about 500k invested in stock (not including 401k)We have about 100k in cash equivalentsWe earn a combined income of 550k annually include cash and RSUsWe have no kids and don't have plans for any for the next three years at least.

In my opinion most investors (not the Clayton Morris/ Bert Whalen's of the world) that struck it rich in REI earned it.

If your state of residence is NY, then any income earned by the LLC will be taxed by the state where the income is earned (MI), by the state where the LLC is organized (CT), and by the state where you live (NY).

I will tell you the exact date and time that the market will peak, and I'll only charge you $1M for this insider information :)I do have a little story for you, though.

Things dry up, and that cash earned slips away from them.

The cashflow earned from collecting rent is nothing compared to the profit from appreciation plus annual rent increases.

The lead generating website will earn income when a business partner back home converts leads into buys.

I like that our partners can earn good by doing good...affordable housing is a blessing for those who receive it and provides great returns to those who invest in it.

I mean it's funds you can't live off of until retirement but I am much happier controlling and earning much greater returns than I was in a stranded 401k plan.You definitely want to go the full LLC route so you can have checkbook control at your local bank rather than having to go through the self directed IRA company to make all the purchases.

Also buy your figures I would think there are smaller units.I might consider to increase the square footage on a few of the units to increase their rental income potential.I would not do the deal unless you are sure the value of the total monies you will end up paying is strongly supported by the current market value of comparable properties in the area, but then again if you can truly get the job done in 4 months time is on you side just remember "Murphy's law".I am just thinking these properties were just sitting there all boarded up simply earning nothing in the first place.To my mind the price your going to end up paying on a per unit bases is what I would expect to pay for bran spanking new construction based on my estimated square footage of each unit which I base on your expected rent per unit of $800.00/mo.