You would not be able to purchase an LTR as a second home because access would be restricted and the property would be subject to an occupancy agreement limiting use.Please be careful about listening to advice other than from a licensed loan officer. 

They have numerous complaints for overcharging their clients.

If the wholesaler makes someone believe they own the property or markets the property (as compared to marketing the contract) the wholesaler could in fact be in "agency" and violate numerous laws.

By coming on BP consistently, reading posts that are of interest, listening to podcasts, webinars, etc. and most importantly, interacting with other members, a person will over time build a solid network of other BP members that you can rely on, and yes, one of those groups you build can be other women.

**Best Services for Setting Up an LLC**: There are numerous services out there that assist with forming an LLC (e.g., LegalZoom, Incfile, Rocket Lawyer).

Every book I have read and listened to on say to NEVER allow your tenants to pay cash.

Just listened to a couple podcasts with Tim and wanted to do some digging on here, found this thread.

When dealing with legal matters, the biggest mistake folks make is not listening to the attorney.It sounds like you’re out of town. 

My brother and I are starting to invest on the side ourselves, and from all the podcasts we've been listening to, we want to make sure we are doing things the right way to take advantage of any tax incentives.

I have seen folks go on to do great things with paid training.as well as seen many and its probably the majority do nothing with it.. and end up selling their books and tapes on E bay for 50 bucks.thats where i would start E bay look to buy every guru's books and tapes you can find listen/read all the material and see if there is anything you learn from that.