Well definitely read through this article, and the comments, to get some more information on it-https://www.biggerpockets.com/renewsblog/2013/08/1...If you decide to still go the LLC route after that, totally cool, but it's important to have all the info.

There are a few things you can do and know on the front end to help prepare. 1)Know how to read your loan documents. 2)Know the differences between Cash Trap, Cash Management, and Cash Sweep. 3)Know what a Trigger Event is, and if you have one written into your loan agreement. 4)Know how to efficiently request reserve disbursements.5)Make sure your lender is never holding more than they need to in escrow. 6)Have a system set up to monitor your lender and their obligations, in addition to your own.7)Know how to recognize and monitor risks based on how your loan agreement was written.8)Know when you need to hire an attorney, and when you don’t. 9)Know the difference between Property Management and Asset Management.Already experiencing some of these issues on a Loan?

However, this is a probable situation.BTW, there must be other Agents/Brokers that represented the Seller but have bought properties in multiple bid situations.I would really like to hear from them.From what I'm reading in the case of the Buyer, he is a Customer, not a Client.

I have read over other intros and appreciate peoples contributions thus far.  

So my first step will be to read and hopefully find a good mentor that will benefit from someone willing to work nights and weekends to help in their ventures while I learn along the way.  

No issues with borrower who has been paying more than the minimum payment.As I'm reading these forums and listening to podcasts, I keep seeing others recommending that a servicer such as Madison be used to stay out of trouble because of the Dodd-Frank.

My main goal right now is to learn the ins and outs of the industry, and purchase my first property before the start of 2018.On the reading list right now is:The Ultimate Beginners Guide to Real Estate Investing (Brandon Turner)The Miracle Morning (Hal Elrod)The Book on Rental Property Investing (Brandon Turner)Since these first posts are more meant as an Ice breaker, I'll throw out that my favourite kind of ice cream is vanilla, because it pairs with toppings so well, and tastes good by itself.

Also since youve been so helpful what marketing strategy are you currently employing that have been succesful fro you at finding deals?

I have been going to local real estate clubs and reading several books on the topic and I too have been told that 75% of the income from the other unit can be applied to the debt-to-income ratio when applying for the loan.

I've been listening to the podcasts and started reading "Investing in Real Estate with No (and Low) Money Down" and looking forward to making my first move.