This this link and scroll up to the beginning:http://www.bloomberg.com/news/2013-12-20/wall-street-unlocks-profits-from-distress-with-rental-revolution.html#disqus_threadCan't control why the link drops to below the story.

Do you have a local rent control ordinance or law in effect that you need to consider before you try to bring up rents to market value?

I swear to god I will never remodel another house again unless it's my own house.I lost 4 potential flip deals this year, but those were beyond my control.

As a borrower, we like to have control of our properties and if you have no skin in the game, where is the argument to put title in your name?

I live just east of Louisville in Shelby County.Being a competent inspector and rehab estimator is a great starting edge for you, so wholesaling/flipping could be a terrific way to start to building capital.Consider getting your real estate license as well to get access to MLS, be able to inspect properties on your own, save(or earn) commissions, network with realtors, and control your deals.

I was hired by the FAA as an air traffic controller in 2011 and that required us to move to Florida for a couple years.

I've done some investing in LV remotely, and it has worked out well (so far!).

This should lessen that overwhelming feeling and keep you in control.

Remember you don't have to own a property to control it.Good LuckPaul

By simple controlling properties way below market value and assigning or selling your contract or position to a cash buyer for a fee.