After researching I am thinking changing my strategy to target properties that are in the re-sale range of $65K - $80K range instead of $150K -$200K range.I can acquire a $70K house for about 30% - 40% (about $30K) then rent it out for $700 -$1000.

It's a bit ironic - when we acquired these properties, we would have paid extra for the convenience factor of a turnkey investment package; we had to locate the buildings, purchase, rehab, and establish tenants and a working management solution ourselves.

We are steadily acquiring more and more rental properties and would like to continue growing.

My goal is to acquire enough cash flowing properties as quickly as possible so as to quit my corporate job and focus on REI full time. 5.

I plant with pear trees and apple trees it is a hobby for me;) Organic gardens and extra space for the ever increasing stuff I acquire.

The reason I ask is that there was another post in which the owner was acquiring properties under his own name rather than an LLC and it was lowering his credit due to the amount of debt.

As such agreements may be lawful, giving the buyer or optionee the percetion that they have the option to purchase as a true Option may present problems as it is possible for a buyer to acquire cash to purchase prior to the requirements being met.

The owner no longer has claim to the property...hence Quitclaim, and the 'buyer' acquires whatever interest the 'seller' has at the time of the transaction.

In 2006, we acquired 20 units in Stockton, CA - our "charity case".

The more money and experience you acquire, the more of the deal you can keep for yourself.