If you are looking to buy 50K houses, that doesn't exist in your state, but those investments tend to be risky and best suited for experienced, local operators.Hi Brian,I wouldn't necessarily agree that due to a population decline in a state or city that's it's not a good investment.The micro economics paint a different picture than what can be found out online via research.There are areas in my market that are booming with sales and rentals flying of the shelf even tho the broad market is showing a decline in population.I think that majority of the markets in the Midwest are showing a decline on population anyway lolSomething that I have preached to investors for years now is that finding the right team to work with is more important than focusing on just the online stats/demographics.You are correct tho regarding turnkey outfits.Most are very shady and do oversell properties.Something that isn't a deal breaker as long as the property management is solid.In most cases it isn't so that kills the deal completely.Just my opinion.Thanks 

On another forum (bethepro.com), some others correctly pointed out that it's probably not a great idea to concrete around main water pipes / gas valves that are in some of these planters.

It seems that you don't have correct understanding of taxes/entity structure, hire good CPA (there are quite few of them here on BP), would be well worth it!

There is value in correcting inaccurate and/or bad advice.

This is because the demand in the area precedes the new construction wave, hence the reason behind an influx of new construction.

I would say it sounds like you have a good opportunity if you structure things correctly to replace the income.

All that matters is that the paperwork is correct with the title company.

That would be $3000/year, and I guess that would mean my annual return would be 8.9% at this point (3000/33400 = .089 = 8.9%).While that 8.9% sounds all fine and whatnot, and suggests that using the HELOC in this way is eventually a better return than paying the entire 50,000 in cash, I'm really struggling to grasp whether this is a correct way of thinking about things.After all, if I were to pay 50,000 in cash now, I would start getting the 6% return right away.

I think you choose correctly going into this investment segment.Regarding servicers - I have tried few, and the best in my opinion is Madison.If you would like me to share my direct contact with you please send me PM and I will be happy to assist.Eran

If I understand correctly, the tenant has not yet moved out, has properly noticed lease termination at the end of April, and has not paid April's rent.