If that means the rent goes into an escrow account that's released to the landlord when S/he meets conditions, fine - or if it gets paid to the court as part of the LL's restitution for not maintaining conditions - whatever.

We had a Cash for keys agreement where we were gonna give the borrower $5k, we continued with eviction and she contested it and went to court.

Just remember, returns are a function of risk and effort, so don’t fall into the trap of buying low cost assets with the promise of high yields.

I'd look at population growth and job growth next.Cash flow is not only a function of the rent and purchase price, but also that of your loan value. 

Thanks Dave for your kind response. i did the search for forclousure, but not for preforclousure in court website. can you please provide about preforeclosure and plaintiff ?

You would give the property to the LLC like to anyone by creating a deed and filing it with your local Clerk of Courts.

However, if you elect to own the real estate in your personal name, creating a separate LLC to perform property management functions and to collect rent provides absolutely no added protections.

If your only goal is just to find more deals, then Loopnet serves the same function but for free.

@Manuel Mungaray you can reply to the discussion at the bottom of the screen instead of using the quoting function: 

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