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I want to set up meetings with local lenders but want to have my ducks in a row first. 

From ruins wrought with wear and time,I craft anew with plan sublime.Rent and reclaim in endless spin,Repeating cycles once again.A method veiled in night's embrace,What strategy sets such a pace?"

If we go with the second option and offer seller financing for the equity what interest rate should we charge and how would we go about setting that up?

The setting in which the experience was gained plays a role in determining what constitutes a qualified and responsible person and what types of experience documentation may be acceptable.It goes on to list pretty much anybody related to construction fields, including homeowners you perform work for.

Hey Rashim, I've worked with a bunch of Canadian investors that purchase in Detroit.The key is to set up your entity structure so you don't get hit with double taxation.

That will set you up for a good start.

Just got my first investment property under contract and it's time to get myself set up to manage the rental business well! 

If you do, set a goal for how many you want to do every year and you'll force yourself to find a way to hit that goal. 

I heard about setting up a LLC out of a state that has lower taxes than using your home state which may potentially has higher taxes.