In search of somebody with a pot of money to invest who doesn't want to do the work....

I always use private lenders, and rarely put any of my own money into the pot.  

I would say you're a pro now b/c you've taken the first steps to get off the bench and get into the game.  

However, a jury trial is a lot of work and expensive for both parties, so what will likely happen is you'll go to the next court date and the tenant will waive the jury trial and switch back to a bench trial (where the judge makes the decision). 

unless a.) your needs are crazy low, b.) you want to play in the warzone neighborhoods and self-manage, or c.) you have a big ol' pot of money to start with.  

Credit ScoreI would stick to a 600 bench mark for the unit you described

Donald,Net worth is the same as any net: Assets - Debts.I am guessing that you want to know if the person your are financing has a pot to do their business in.Have them fill out a form 1003 (online for free) and pull a credit report.

I have 1 rental property and working on another one. recently started an LLC. what a gathered through bp/podcast. the benefits for an LLC is taxes. saying if you made $100, you spent $50 on expenses, you as the person would get taxed for the whole $100. now say you have an LLC. you made $100 and had $50 in expenses. you are taxed the remaining amount which in this case is $50. in regards to adding a property under an LLC. through a few podcast. they talked about having different LLC with each partner. so unless you want to share the pot of your first rental with your new partner, I suggest making one.

Property: Triplex in Boise, the Bench neighborhood.

The dealer sells homes that are already pre placed (maybe at the parks expense to sweeten the pot) the park doesn't have to outright buy millions of dollars worth of MHs up front just to fill the lots, and people get a nice new trailer to live in.