And with our deficit in California soaring to mind-boggling figures over here, the folks in Sacramento will have to find a way to raise revenue- I won't be at all surprised if it's through property tax hikes. etc. etc.I couldn't begin to make a comparison to Michigan and Ohio.

I need to develop a new revenue stream if I am going to retire on my timeline.

And don't expect that to work in Pennsylvania; the PA Dept of Revenue has already decreed that transfer taxes may be due on the value of real estate when businesses change ownership ...

The property itself will need some capital improvements, and the potential revenue is not that promising.This signals to me 3 things:1.

I also plan to continue to flip properties to increase revenue streams and re-investment capital.

No matter how long you've had a tenant, save 10% of your revenue for vacancies/evictions/nonpayments & put it into a separate reserve (NOT your personal savings account)

This is becuase the city needs the revenues.

Won't these REITs also institute rent to own programs to increase their profits but still bring in revenue until a tenant can become an owner?

Mobile homes and mobile home parks can be a great source of revenue but like all other aspects of real estate investing you need to do your homework and get educated on the topic.

Thanks Joel Owens, I guess my main goal now will be to "Create a plan", My current goal is to wholesale until i get the revenue to buy rental units.