hold some of that initial 100,000$ for reserves. if you spend it all and something goes wrong you wont have time to accumulate profit the first year to really afford to fix anything. then you'd be dependent on personal income or another loan to fix the issue if one arose. play it slow and safe at first while you figure out the game and take some initial hard knocks that are bound to come. 

Slow is smooth and smooth is fast in these situations. 

We coordinated everything with her daughter in Las Vegas and made sure the logistics were seamless.Throughout this process, we used Google Translate to communicate with Anna, which slowed things down but allowed us to ensure we were on the same page every step of the way.

I now make it a habit to set clear expectations with lenders upfront and ask about their average response timeLack of transparency and slow responses can definitely be deal breakers, especially when you’ve already got everything planned out.

I have noticed while searching the Fannie Mae site there is very limited foreclosure inventory, especially in Washington State where I am interested in living. 

Hello Elena, If you go to NARPM.org, you will be able to search residential property management's by city.

For the bankruptcy properties, we contacted the trustee phone numbers on the website, however, they usually just replied to ask us to look for debtor's attorney.For short-sales, we searched the listing on zillow.com, but majority of them are off market.We used BP recommended realtor and asked if they can help with the properties we targeted, the realtor searched for a week of the foreclosure ones and get back to me that she believes she will not be the right partner.

I believe you have a 45-day window to shop lenders without having a drastic hit on your credit score.Happy to recommend someone if you're still searching, shooting you a PM.Also, as @Rene Hosman mentioned, there is a service here on BP to link you with lendersAll the best!

If I am about to search for some kind of cash out refinancing options, is it best to keep the properties in my personal name for now or should I move them into LLC’s before searching for financing options?

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).