We personally work out of the Kansas City market, which is strong and a great cash flow area.

Will definitely work out for you in the long run.

Not going to work out for me.

Most of the time this land is handed down from a death in the family, was an investment opp that didn't work out, or sometimes it is literally forgotten about.

Maybe it will work out, maybe it won't, but I get to learn a lot more about real estate investing in the process.I'd recommend you go out and meet other local investors.

If I have a deal I want to wholesale and I don't have a solid buyers list but know that you do, I'll come to you with a deal and we'll work out a deal, say 50/50.

The numbers work out fine.

However, there are some pretty legitimate concerns: - One investor holds six properties so if that relationship doesn't work out then that is half the value of the business (He will set up meetings with his investors prior to the sale to make sure they are on board and I of course would want to meet them) - Everything I have seen says that you shouldn't even consider purchasing a property management company unless it has 50+ properties and is a more established business. - He is stating an average of 10 hours of work for managing the companies.

It may work out on paper but between higher maintenance, vacancies, evictions, etc. you may find the numbers in reality are much different than on paper.

Private money may be the way to go on this if owner financing doesn't work out.