@Alex Baev, I think the combo of providing fliers and handouts to the realtor and using the units as a selling point along with minimizing the appearance is the best way forward.

. ~ For the past 11 years I have been a buy and hold investor however I have always bought with three rules to minimize risk and maximize income and liquidity.1.

While I would certainly not force a lady that old onto the street, especially given that she's done nothing wrong, she does have a place to go and I expect her to keep her commitment.In the short to medium term I can keep this afloat without the income, in the long term, I will end up defaulting if I can't get renters in there so I do have to take this seriously.The idea is to put pressure on the family to get them to stick to their commitment while having a minimal impact on the elderly lady.I guess what I'm looking for is to hear how other people would handle this complicated situation.

It will take a little time after purchase to get it ready and find a tenant, but then the work is minimal ... providing you have a good structure and mechanics, and a good tenant.We have purchased rentals that need a substantial amount of work as well, that we could do ourselves to keep the costs down.

I wanted to know what would be the best approach to minimize the tax implications on a wholesale deal.

To minimize the amount of time she invests making arrangements and then showing a unit to individual potential tenants, when she has a vacancy, she has *one* open house (posts date/time on Craigslist) and is done with it.

It's totally false that you need 2 to 3 credit cards and lots of debt and pay it down each month, I've found a way to keep it minimal and still have very high credit scores.

@Joe KatoThe goal of being a landlord is to get the rent paid on time every month and to minimize maintenance and capital expenditure (capex) fixing the units back up.

I agree - $250k is very minimal for retirement.

Hello everyone.I stumbled upon BiggerPockets a couple weeks ago while searching for sites with information on multi-family purchases, and have been reading forums and listening to podcasts since, now finally (better late than never) introducing myself.I guess I have been involved with real estate (minimally) the last four years when purchasing my own home in Bakersfield, but then chose to rent it out and move to Ventura in order to be closer to the beach.