I can always transfer property ownership later (without fear of triggering any due on sale clauses because I've already cleared it with my lender and they're willing to put in writing before I go to closing).However I'd kind of like to have the LLC set up so that I can start my branding and marketing and know that I have the legal rights to the business name and the like.

I know the fear that comes with that.  

@Felix GoldsteinWell, since nobody else has responded to this nonsense, I suppose I will reiterate my previous points, for I fear that newer members to the website might read your dribble and think it has some merit. 1) You do not own a property by putting it under contract.

I do not pander to these people in fear of a lawsuit.  

My only fear is that they most likely already have received the rent for August and I may have a problem getting that from them without signing the contract but based on my experience I would rather lose 1 months rent then keep them as PM.

We are both filled with excitement and fear as we havent seen the property (but have a good friend who is going to go to the inspection next week and check it out.

MOST real estate investors and realtors fear the hang up or are not able to locate correct phone numbers for the sellers they are looking for.

Check out the forums under Starting Out, you'd get a lot of tips and motivation from investors who got over their fear.

If you have any fear of this, keep practicing out loud in the mirror [pretend you are a much nicer Donald Trump!]

With so many bad companies out there, I fear learning the wrong way to do things in the industry.