Our goal is to generate enough passive income that my wife can quit her job and I can back away from my business by hiring people to do what I do and manage it from a far and pull a smaller salary.

Also, I'm wondering if people have thoughts about the benefit of owning the units as a block from a wholesaling perspective, or from a buy and hold position, etc.

I'm being put in a position to take on this venture or turn down the agent/friend/associate that is selling this service, that puts a strain on that relationship.

Talk to a mortgage broker and ensure that you're in a position to buy the property.This is because even if the lessee decides to buy the house, it is possible that he or she will not qualify for the mortgage loan required to make the purchase.

Bank recently told him that it plans to mail him soon a Settlement in Lieu of Deed (essentially, an instrument of consensual repossession) to get him out, which would be executed sometime in early 2014.Despite making a good salary, he despairs of ever being able to get out from under the property and just wants out.

Thanks for your response, it solidifies my position on this property.

At that point, it becomes pretty easy to add up all of your positive cashflow, subtract off all of the negative (including commissions and sales costs) and get a net number that you can use to calculate ROI/CoC.

I've been offered jobs with higher salaries, which I've turned down because I value this so much.5.

better question- anyone have long term success and positive returns playing the south side shuffle??

It doesn't look like they have any positions for Charleston, South Carolina.