It is a good way to get started but also highly illegal as your acting as a sales person for homes that you do not own.

We can't have workers sitting around on the clock without being productive, so the earliest we could productively return to the job is Wednesday (yes, the 4th)...

I have never rented to any illegal individuals, but have heard from many who have.

i hate when i keep seeing the word "flip" used (flipping is illegal if you did not know), flipping means putting a property under agreement and then selling it to another party without closing on it yourself first. at any rate, if you became an agent thinking it will better enable you to obtain better deals for yourself in most states it would not be prudent for a few reasons involving liability as well as the costs to maintain a lic., ins., mls/board dues, C.ed classes, etc,etc,etc.

My opinion is that this is an illegal operation.

I'm assuming the primary risk would be a law suit against you in the event of injury or death if the worker is not insured.

Apparently 9 of the units are currently occupied and per the seller occupancy goes up during the summer with some temp workers that come into the area.Per City data, average rents in Podunk USA are $572 (15% lower than the area I currently invest in).So if I accept $230k as fair, I would mortgage $172,500 (75% LTV) for a payment of $1,090 (6.5% for 30 years, is that reasonable for commercial?).

LMAO, best yet, the police said they raided it again due to a "tip" of illegal activity, so we dug, guess who's "tip" it was, OURS!!!!

I especially like the idea of finding hardworking blue collar workers as tenants.

No, is not risky as long as the guy you are hiring has liability insurance and workers compensation insurance.