The simplest solution to that is going to be, sadly, having your dad come along for most of your first meetings.

Obviously he's the expert, my .02 as a TN resident and investor is when I've looked at using out of state LLCs for TN investing, since we're doing business in TN we'd need to have the LLC here or register here, so it's simplest to just do the LLC here.

The exit strategy out of the rehab loan is a key ingredient.

There are others but this popped up with the simplest explanation.http://dfllp.com/resources-2/seller-information-2/...

With that said, if I were to reverse engineer that goal in the simplest context, out of state would get me there the quickest.

@Fran Gorham, I am guessing if you want it bad enough, you could find ways to get into syndications that only allow accredited investors.The simplest way, as Brett and Dan note: look for 506b offerings.  506b allow for up to 35 sophisticated investors.  

@Westin Hudnalloh lord please be more specific before all the "wholesalers" attack you.This may be the simplest thing you can do. go to Craigslist type we buy houses and email everyone that pops up and as to join their buyers list.

I was introduced the concept by a mentor, sometimes the simplest strategies are the most effective, after a meeting or even just in an area we would like to acquire a new rental we will hand write 20-40 notes and deliver them to the suitable homes. 

Is it wise to place a Subrogation Clause in your Tenant Agreement and also what would be the simplest way to phrase such a proposal?

The annual membership is really affordable and all the perks easily pay you back, especially if you plan to develop a portfolio.You are basically telling me that you want to cook a gourmet meal but you are not willing to spend money on the ingredients and hope that your guest will not taste the difference.