I'm trying to figure out a strategy on buying real estate from the seller on payments, adding value and reselling it for profit and thus, paying off the original seller.

Particularly the new investors the original post was targeted towards.The text book example of an alter ego is forming an LLC for the sole purpose of collecting rent and performing management functions on behalf a property and performs no other functions.

Originally posted by @Maikel Figueredo:Rod Yarger David Hall Jassem A.

I think the most overlooked aspect is keeping the house as an original single family residence, instead of converting into a duplex.

I wouldn't even bother if there is already a central acThe original post indicated there was no central ac.

Originally posted by @Rick S.

The house is easily worth $305,000 and rents would be about $2,200 so at $220,000 it would be a great rental to add to our portfolio BUT, the contract says the buyer has to lease back to the original owner for 30 days and it will be sold sight unseen.

In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...

Both the original dates work well for me.

Going to update the original post.