I live in a town of roughly 30k, but our town has been growing rapidly over the past 10 years and has brought in a lot of new players both residential and commercial. 

Go to a website like realtor.com or zillow.com and look for houses in the immediate area with roughly the same square footage, features, etc. 

I'd like to ask Tom Fish how he'd go about handling someone that hasn't paid on their land contract in roughly 4 months and will not return calls to the owner for payment?

At the 50% rule that equals roughly $230 a month per door. 

I have what I feel are reasonable assumptions getting those outside investors a 50% cash on cash (and IRR assuming it takes roughly a year from start to finish).  

I was able to find  a multi-family property in a good market that has potential to be converted into condos, or held as a solid income property.If I decide to sell the property, After extensive renovations, ARV on the condos would be around $1MM total, I would be into the property for roughly $500K (purchase plus rehab), So the profit potential is huge!

One reason for this is that your typical fixer-upper is in rough shape...not appealing to a bank. 

The second unit is a 1br that is roughly 650sq ft. and is above a 2car garage. 

It’s seems a little rough, how is that area. 

Here is our situation: $600,000 cash on hand from inheritanceDesired return of 8-10%Live in Greater Boston Area100% equity on homeWorking full-time in public accounting and making roughly $50,000/year I talked to some financial advisers and none of them suggested the real estate route.