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Thanks for your helpful insights. I pretty much figured it was possible but way harder than what was being portrayed, and your post seems to confirm that.

I am reading an ebook and it presents the following strategy:

1. Find out which homes in your area have tax liens on them.

2. Write the owners, tell them if they are planning not to redeem, you will give them $100 (or other small amount) for a quit claim deed giving you the property.

3. You record the deed.

4. You sell the property.

Sounds simple, but does something like this actually work? Has anyone done it? The author claims to have used this strategy many years to acquire a ton of properties, but I am skeptical. Any thoughts would be appreciated.

I am thinking of getting into rentals, and would like to form an LLC to purchase my properties.

QUESTION: Can a newly formed LLC even get a loan from a lender to purchase a property, given that it has no credit history? Is there anything I should know regarding this?

I could buy properties on my own, but this of course presents me at risk and I prefer to have the limited liability protection. Thanks for your thoughts.