I would find a local RE club and find a deal.These two things would show a would-be mentor that you have the capacity to understand the business.

In CA 3rd brother will need to file an Amended (Notice) of Petition to Administer Estate and represent himself (in pro-per) hopefully thru Legal-Aid.Letter's of Administration (Capacity to sell) have been issued to his sister and he has a received a vacate order due tomorrow 11-17-12.

While the closing costs on a smaller loan will be high as a % of your loan amount (since about $1,500 of the closings costs are fixed in their amount--appraisal/credit/bank fees/title search/closing fee/misc),you will recoup this in spread profit in the first year, and then gravy from that point forward).You're probably well aware, but from strictly a loan standpoint, tri's and quad's are a more efficient use of your conventional lending capacity.

The LTV needs to be viewed with other risk factors such as property type, ability to repay, credit and borrower's capacities.

If you do see the possibility of your wife keeping the business but bringing on property management to take the place of what you currently do in your capacity I would suggest that you interview and begin to build a relationship with such property management now so the decision of who would manage the properties is already made.

I've not seen a 10 round magazine for an AR-15, I think they exist, mine are 20 and 30 round capacities.

Some are smarter than others, they have the capacity to understand more complex arrangements and issues.2.

You do not need member approval to enter into contracts that are within the routine course of business for your LLC.If your LLC is member-managed, then the member will be signing all of your contracts in his capacity as member-manager, so a written consent is not necessary.Your LLC should have an operating agreement, and you should operate your LLC according to the terms of the operating agreement.

-------------------------------------------------------------------------------I didn't look at Charlotte, which might be a better place to invest.Triangle market has been quite stable, which is good for home owners in the way they didn't lose much during the crash;(they didn't make much before the crash either.)But for investors, this means less opportunity.Another problem here is that the building capacity is very high.

So there is zero capacity for anyone other than those that traditionally invested in private placements to do so now.