Through these two events plus and enormous rabbit hole tumble into real estate advise books like the ones on this website (thanks again Brandon) along with an avalanche of YouTube videos and other business self help books like “The 4-Hour Work Week” I’ve developed the confidence and put in place the systems to help pull the trigger on my first two buy and hold rental property deals.

One of my mentors found a good deal when she first met her hair dresser.

Now i got those two in line and I'm ready to pull the trigger.   

If you do buy the property personally and then transfer it to your LLC, that could trigger the due on sale clause found in most standard mortgages.

@Peter Hynes I am no expert in asset protection, but I think there are ways to have the properties under LLC: option 1 - buy it all cash; option 2 - use a deed to send your property under LLC (but may trigger the due on sale close).

Im really good at landing a deal and renovating, but when it comes to this stuff I want to rip my hair out.

Just a bilateral agreement that specifies:The giver of the option, or optionorThe receiver of the option, or optioneeThe purchase priceThe term (start date and end date) that the agreement will be in effectThe consideration (typically a dollar amount) paid by the optionee to secure the right to buyPLUS whatever else your attorney thinks is necessary.Make the document recordable by your county clerk, get it signed (and possibly notarized), and then have it recorded on public record.The intent is to ensure that if he tries to sell to anyone else, a title search will find this agreement and trigger a title defect.

The refinance does not trigger an increase in assessed value.#5 Property is cash flowing much higher than my estimates, and in a B+/A- neighborhood (see below)So for the numbers, I am still refining our pricing strategy, but so far I am seeing ~$4,000 in gross revenue per month on the entire property. 

I became a BP Pro and have been practicing with the calculators, along with reading and listening to their books.Like most, I am nervous about pulling the trigger, but I know practicing with the calculators and focusing on one area will ease the nerves a little.

It looks like a nice place and I think I would pull the trigger on it if it were me