Unlike 20 years ago the part time wholesaler doing “driving for dollars” can no longer be successful.  

The practical reality is wanting to get started in passive investing with lower dollar amount minimum requirements.

A SSN is required to obtain an EIN, but that doesn't necessarily mean the child LLC income would pass directly to you.

If you have an IRA LLC the custodian is not involved in the IRA obtaining financing including a refi.

We also go thru a broker that gets us to $453.00 per unit for our master policy including a million dollar umbrella.

Having said that my properties are section 8 which is the reason I can obtain the 1.5% rule in So Flo. 

I had another recommendation that we purchase the property at $300k down and then make interest only payments for 3 years to the seller so that we could obtain title immediately, then by year 3 we can hopefully refi.

I'm talking about the kind of people that buy 10 million dollar houses.

It needed some work but it was fully rented and put a few hundred dollars in my pocket after expenses every month.

Once you have a solid bone + meat, you can spend some very cost effective dollar to dress up the exterior.