If you are working with real estate outside your retirement account through the use of 1031 exchanges you can also defer till death but also occasionally convert a property to primary residence use which when done correctly will eliminate a good chuck of the tax - turning it from deferred to tax free.

All fixed up it should be near $100,000 and rent for $1000 - $1100/month.I know several wholesalers in the area and get occasional leads, but you have to look at each one closely.

We also maintain friendly relationships with our existing tenants, and occasionally ask them to post on facebook, their campus groups,  and generally reach out to their network to fill vacancies.Best of luck!  

I invest in small multi-families occasionally.

These prices are not fixed, we occasionally find class A properties for $175,000 but that is unusual. 

You assets will be protected from a basic LLC if you haven't blurred the lines of ownership and keep everything separate from your personal accounts.I may be wrong but if your legal entities are sued, the courts will often unwind the flow of ownership.

I've been sticking to foreclosures, auctions, and the occasional rough home on MRIS. 

That way, I can occasionally do my W2 work from the property when I need to be there at some point in the day.3.

If you don't have family in KC, and don't necessarily plan to return, the cost of having to occasionally fly there to deal with just one property could make your negative cash flow even worse.On the other hand, if properties can easily cash flow in KC, then having local boots on the ground to manage them for you could be an opportunity to expand those holdings rather than sell.

Occasionally you'll find a notice posted on the property with contact info.3.