There are numerous threads going into the details of how leveraging multiple properties outperform a single property purchased with all cash.

I am an out of town investor and they sent me everything via email with detailed inspection.

I'll go into more detail below, but I'm trying to figure out if this means the owner is earning no profits while his mortgage is being paid off.

(Details below)Property is selling for $150k, 50-60k in repairs, ARV of $250k (conservatively).

Are their listings detailed with good quality photos?

Thank you for the detailed responses Joe!

Always fascinating what happens when you artificially control supply and demand, it leaks out somewhere because people will always find a way to optimize their situation, whether the landlord or the tenant, as you point out.

I realize these are pretty specific questions and I should probably pay someone for there valuable time, so I understand if you guys won't go to far into details and specifics.

With what you are trying to do, there may be some structures we can come up with in order to avoid the securities world, but would need to dig into detail.  

True, although some of these non-related posts have been pretty fascinating.