If you sold the 28 houses for 20k each on payments, that equals 560,000 in accounts receivables collected over a 5 year period.

It's equally important to work with honest people that will be transparent.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

It took the company about 15 yrs of being around and building their portfolio before the two principals of the company were able to remove themselves from all personal guarantees and get to purely non-recourse debt with bad boy carveouts.When looking at MF loans, you can often find non-recourse debt on acquisition financing as low as about $1mm loan balance, even with no real experience (granted, you will need an experienced management company lined up and personal financial statements showing a net worth equal to loan balance, but you are not putting your personal financials at risk like many commercial loans).

All things being equal, you need EVEN more of an income to afford the same house now because true inflation has been about 20%

He needs to show proof of income equal to or greater than three times the monthly rent.If you are in Los Angeles, please please please type up your screening criteria, distribute it to every prospective, and stick to it. 

However, all 3 partners own an equal share of the LLC, so we want to transfer the title to the LLC.  

Not all funds are created equal, and you always want to do your research and due diligence before investing in a particular real estate fund.

Then you work backwards to figure out how many properties that equals for your buy box.

offer a fair market price that you are happy with and then in the contract say you will pay X amount additionally over 5-10 years to equal the amount they actually want?