Foreclosure usually happens because of death, illness, job loss or divorce and cripples the homeowner's ability to make mortgage payments.

If you're confident in your abilities and have the necessary time and resources, taking on the role of your own GC can be highly rewarding. 

Home probably worth $50k… also check borrower credit and ability to repay.5.

Ability to market the property5.

I have a full time job which gives me the ability to save enough to buy 1-2 properties per year by putting 20-25% down.

Greg, if you have the time and ability to do this yourself you will put a lot more money in your pocket each month.  

Yes, as I said, no savings (or saving ability).

We are new to the idea of a rental and trying to gauge our ability to execute on it.  

The concern he had and to be fair he said he needed to research it (i am just doing some of my own) was that since most of the work and hours will be conducted in LLC now and the LLC does not own the property would that create any issues with my ability to file a schedule C and claim depreciation and losses, etc?  

Is there any Business Owner Occupied Element or is a cash flow investment3.