@Marco Campos -- The challenge as you've discovered in coastal markets, and other "bubble" markets, is that it is hard to achieve attractive rates of return.  

His name won't technically be on the deed since the deed will be in the name of the entity.

Now to gather sellers to connect to them is another challenge! 

There were definitely  A LOT of headaches and challenges along the way (which I won't go into because this post is already too too long) - but after total tenant turnover in the first month, I've got all 4 units rented to properly screened tenants.  

All in all it was fun, challenging, has built in discipline and accountability and we were able to meet our saving goal of 30% of our monthly W-2 pay.

Now, I challenge you to take another." - Dan PoynterLastly, don't forget that we are here to help and likewise learn from your contributions. 

Now, I challenge you to take another." - Dan PoynterLastly, don't forget that we are here to help and likewise learn from your contributions.

Sometimes this happens when the deed is recorded, but the transfer affidavit is the correct way to ensure it gets done (and you're technically required to do it within 45 days of the transfer).In my opinion, it could definitely be worthwhile to send direct mail to folks who are that far behind on their taxes.

I wonder if it will becoming a challenge to attract college students as tenants in the future.

These are some of the challenges i faced several years ago when starting out.