I will naturally keep the property details confidential.I would love to see you get it!

So to answer your question, the criteria I'd consider for reentering citizens is - 1. the nature of the past offense2. time since the offense and subsequent offenses (hopefully none) 3. are they working with an advocacy group like Peaceprints that helps them through their transformation 4. a solid source of income (be aware that some states consider housing assistance as a source of income)I commend you on being open to the idea of considering former offenders.

Holding the properties in an S-Corporation, Partnership, or C-Corporation would not change the nature of the income.

Have not purchased in California and would feel more comfortable using an Attorney due to the nature of the beast I suppose.

Naturally I am already looking forward to my second, third and fourth properties.

And I've learned a mind-boggling amount about houses, running a business, the process of buy/rehab/sell, the nature of contractors, humanity, and most importantly, what I'm capable of, what I like and don't like, and very specific positive and negative aspects in my personality in relation to REI.

I used a script in the beginning but now I just hold a natural conversation with sellers (they are regular people just like us) and ask the basic questions such as; bed/bath count, condition, reason for selling, mortgage pay off, and asking price.

You have SFR but that market is overheated so now you understand tenants and paying rent so the natural progression is small balance apartment complexes. 

I have been watching the market and I may be able to sell the house and make about $17-20K, however if I keep it a couple more years I may be able to sell for more or, quite naturally, I could keep for the next 25 yrs and make significantly more over the life of the property.

And, to clarify on some of the other comments I've read in this thread, I definitely understand that this is just a rule of thumb, I'm only hoping to assess how I should approach things in my particular market, given the nature of things here in Colorado.