If you intend to pay cash for the property, then purchasing it in your LLC is a good idea. 

The idea is to find a pocket or neighborhood that offers the right combination of estimated ROI and rental demand, giving a balance of cash flow and tenant demand.In my view, this approach provides a more reliable signal of demand than relying solely on pricing adjustments or short-term market trends.

I like the idea of a hold back until the punchlist is complete, but that doesn't prevent an unscrupulous contractor from stealing the initial deposit...

Hey Dan, renting to a sober living operator can be a great idea.

Please do not hesitate to message me with any questions or ideas, I would love to connect!

I was hoping for a smart smoke detector that detects when somebody is smoking or another idea that hasn't come to mind. 

That is a good idea…we will consider doing that.

I do tend to be someone who ask questions and only wants to hear what they want to hear, but at the same time if it's a bad idea.

@Jonathan Greene @Jay Hinrichs @Nicholas L.Note: Each state has their own way of handling and regulating foreclosures, and as someone who is not specializing in foreclosures I can give you only general ideas and information. 

I've been analyzing deals looking more at cash flow, but like Dr Aaker, I don't need cash now and I can't become a real estate professional for a while since I'm working more than 40 hours weekly in my W2 job.I had hoped Dave Meyer might have asked more specifics on how you design for equity instead of cash flow.I can think of these ways, but I feel that I am probably missing some of the best ideas:1.