The 2 condos in combination have positive equity before selling costs.

If you combine that with no rehab or mgmt skills, that would put a lot of people out of REI.

Hit your local REIs and network like crazy;The key is having an open mind, learning and networking.....my network is the real key to what I do combined with what I know how to do....which is contracting & renting.

@Brian Ortins , I actually am looking for combination properties in those areas.

But it may be a perfect fit for a particular investor - especially in light of the points that @Alex Craig made about the repairs and state that a property is in when purchased combined with the service given to the buyer.

One (trust) provides privacy and the ability to be creative not to mention the ability to conduct business in a much smoother fashion and the other (LLC) provides the protection.A trust can be combined w/an LLC by the trustor/investor first conveying the property into an LLC, followed by a transfer from the LLC into the trust.

Note that they combine property class with neighborhood class and of course we're all looking for the B property in an A neighborhood or a C property in a B neighborhood because they come with built in upside.

The combined total population of the three towns where I own properties is less than 10,000.

(And I think I just changed my theory on the fly - I think it's a combination of all of the above!)

Whereas if you have say one or two people that you lower your rate to, keep the money moving, your overall combined return will be much higher than if you do one here and there with people.I used to do HML.