They set up hundreds of thousands of different LLCs in order to do massive group bidding and get more chances of winning.

In my mind, the agreement would look loosely like this: The option buyer pays an upfront fee to the option seller, giving the buyer a right to buy the property at any time between now and a certain date in the future, for a set price.

There is no HOA  and the setting is such that a person would not drive up and necessarily see the roof.

He says he can help set up the required LLCs and even find the properties for you. 

This set of circumstances is very understandable. 

Lower your pricing to undercut your competition.Doesn't matter if your pricing is set high if you have lots of unbooked days.

People work, they are in the middle or organizing after a move, they have utilities to set up - it's a relatively hectic time period for a lot of people.

You can google how to set it up for multiple LLCs (it is how I figured it out).

What plan does the buyer have in place for set backs such as real estate market down turn, major repairs etc.

7-Eleven's parent company, Seven & I Holdings, is set to close 444 underperforming stores in the U.S., Canada, and Mexico due to economic pressures on lower- and middle-income consumers.