Even if you get a PM, You'll still have to contend with the propety(ies) in some form.

The most difficult to contend with was when the plumbing under the slab of the house had developed multiple leaks and needed to be replaced!

Any third party buyer at sale and any lender getting the property back has this lease issue to contend with.

Aside from the painting, you will have holding costs, advertising expenses, realtor fees and misc. sales fees to contend with---although your gross profits are in the neighborhood of 30%, your net will be something significantly different.

You might work with a commercial broker who could help you sell you four current buildings as a portfolio.I'll still contend it comes down to numbers.

The banks can also contend that this constitutes an attempt to evade foreclosure.

Even if you buy from the surviving brother after the probate process is concluded, someone will still have to contend with the property tax bill.

Compliance is an issue to be contended with.

It is certainly possible to get cheap homes and even run a business like that on the cheap, but I'd contend to say that apples to apples it would be cheaper to get involved in a mobile home deal.

Robert,If the objective of your purchase is cash-flow, then appreciation matters little - don't get me wrong, it's still nice, but the success of the investment does not rely upon it.Matching your product - in your case, single-story (ranch style) duplexes - to your clientele ({nearly} retired, aging tenants who do not wish to contend with stairs as they grow old or those with mobility issues), whether done explicitly or intuitively, is the key to low turnover.We are considering a multi-family unit which is comprised of 25-row houses in a single story garden home format as it has an appeal to our aging population.