Investment Info:

Single-family residence fix & flip investment in El Paso.

Purchase price: $148,000

Cash invested: $25,000

Westside sub to flip. Easily the highest sales price flip we have done.
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I actually just enjoyed walking through the French Quarter and looking into the houses and courtyards.

I  have a PM that does my inspections quarterly. 

They should visit their accounts at least quarterly to ensure the advisor of the funds hasn't changed hands.

Most are quarter acre, with some variation.

@Bill Gulley@Kevin Moen  as you describe the note business and if Kevin is indeed working with OO notes.. and its clear most likely if he chooses to bring new investors into his scheme.. would he then need to be NMLS licensed and report this activity on his quarterly mortgage call report ?  

The peak following the previous recession was 16.9%.From Reuters: At 17 pct, US office vacancy rate hits 15-year high During the fourth quarter the national office vacancy rate climbed 0.40 percentage point from the third quarter to 17 percent, the highest level since 1994. ...

I'd also consider homes with garage apartments or guest quarters, price point notwithstanding.

In the lease I had written down every 3 months just to cover things, since I can't write down every 6 and go more frequent than it says.I could tell the tenant does not feel comfortable with me looking in their living quarters.  

In order to build a second living quarters for the husbands aging parents, they had to sign an agreement with the city's lawyer, that they would build the "apartment" as an "addition" to the house, such that once both parents died, the unit would NOT be rented to someone else, and the kitchen torn out, with the remaining space made part of the main house.