It's at the core of my investment strategy and as a heavy advocate of it spend each day talking to investors about the benefits and process involved.BTW -- If you have the right strategy you can achieve your "4 green houses, 1 red hotel" sooner than 10 years.Be sure to check out the Ultimate Beginners Guide as well as my 10 Rules of Successful Real Estate Investing.Continues success!

Since income is at the core of value, the price has to be a function of the income in some way.

My thoughts are that, unless there is a compelling reason (trigger) that requires the PR to act so quickly, such as a pending foreclosure sale, the attorney will at minimum advise the client to sit on their hands as for your offer, whether court approval is required or not.Here's a way to have some fun: ask the probate judge to hurry.

Also, you might want to come to the coree meetings (https://www.centralohioreia.com/). they have been having good seminars on wholesaling and rehabbing this summer and have some upcoming events that may benefit you.  

IE as you know I think your from LA or CA... people generally do not buy SFR's for rentals.. they buy duplex 4 plex small or large multi.there are of course good markets in EACH city and I would think sometimes that means suburbs not the inner city core.. if your talking inner city core then yes I agree it can be extremely dicy in all the inner city cores I have seen in those areas.. ( and what I mean is C and D class in inner city cores) not the regentrification areas..

Kevin first thing you would need to do is look at frequency of location.So based on population levels and demographic and median incomes for rural, suburban, and urban core businesses will space out stores accordingly.

Some new in the 150-200k range and some 20-30 years old in the 125-150k range, though these are not in the downtown core or inner city.

Institutional investors like hedge funds or REITs can profit strongly by developing or buying high-rise multifamily buildings in dense urban cores.

I'm not as hard core as Bob, and actually do believe that money can be made by skilled local investors in those markets; but you are not local for one, and should be aware of the trade off mentioned above for another.

People need a place to live, and in my past life as a tenant, I was sometimes compelled to sign a 12-month lease because I NEEDED a place to live.