Are the laws that strict in ft lauderdale, or am i driving in the wrong neighborhoods?

I can see where the advice of an attorney would be very useful in complex situations say regarding multiple members, but in my case I would be setting this up strictly as a 1 member llc.

There is no work to be done - this is strictly rental property.I did estimate $3k (good guess) for closing costs as part of the total acquisition when calculating my cash on cash returns.

Amber, most banks STRICTLY PROHIBIT the seller from receiving any money from the buyer.

Regulations on title companies are strict so most don’t play around with contracts they are not familiar with.

Even a Fidelity account is, strictly speaking, a self-directed IRA, since you can choose whatever stock or mutual fund you want.

Also, the 203 has strict requirements on WHO can do the rehab work, and we dont want to deal with those requirements.

A lender who has experience with the strict timetables and title customs in the reo industry.I have seen thousands of successful REO transactions, I have also seen some real disasters... lately I have been very lucky to deal with some great agents, clients, and asset managers here in the Carolinas...

Granted I now have a good idea what you do so lets consider this one a pass.Just be careful about the rules when it comes to future posts as they are pretty strict with the enforcement.One last point.

Laws very widely on exactly what you can do in situations like this, and are very strict in some locations.