That would be very typical work an investor would do when they buy a tax sale property.

An obvious solution is to buy properties that have a market rent of $1550!

As far as taxes go, selling it to you or on the MLS is still selling the property.If the owner includes it in their Trust, it can typically be inherited tax free if it is not sold.To buy the property, I would probably go for a lease option which is not counted as a sale, so no taxes are due.

I've been interested in buying property in Cle Elum and would probably do some sort of vacation rental.

The closer you get to the 1% rule means you'll be buying an old, fixer upper, in the worst parts of town.The other real trick is finding 4plex. 

I’m looking to buy owner/operators’ property management businesses across the country.

I’m not buying that that’s all he can do.

I buy it from Lowe's by the 5 gallon bucket and have been using it on all our rentals. 

I know that you are trying to save money by not buying a dud program off the bat and I get it, but sometimes in business there are risk.

The 50/50 profit split is legit.You pay a partner fee to get started.They pay for the houses, repairs, etc. and you split the profits 50/50.Buy box is residential 1-4 units and 65% to 70% of ARV (house plus cost of repairs total)