@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

If you choose this route, make sure to have clear, written agreements in place and maintain a professional landlord-tenant relationship.

However, as others suggested, you may want to also consider hiring a property manager.Should you go the route of registering an LLC you could always choose to use a registered agent for anonymity on the LLC.

“I had to choose the rent, or still being able to work so I could pay rent,” she said.

We get commercial financing through small regional banks who often require us to make rent deposits as a condition of our loan agreement so we 'choose' whichever bank gives us financing.

So, you could issue that notice as soon as the rent is late and 10 days later when you file with the magistrate it is then too late for them to pay unless you choose to accept it. 6.

Having said that, as an LP myself in 30+ deals, and collaborating with many other LP's the main reason myself and others choose to invest in syndication via LLC is the anonymity that could come along with it from outside litigation. 

I would choose option 2, because when the economy goes south, gross sales take a dive. 

In fact we just did a presentation on this last night we'll have a video out in about a week.

Do some research and choose wisely.As Gregg said, your home is clearly priced wrong or not marketed well.