I would be prepared for them asking for a lot of money or saying get out, but it is always worth a shot getting in prior to to submit an offer! 

Would like to to make a personal thank you to Brandon Turner and Mr.

Just wanted to to see best thoughts about going about it and also not causing a problem if there really isn't a need to.I can see how the issues arrive with the hvac as then it opens up the inspector to see the property and the unpermitted conversion.

I agree they appreciate more but when I do the math and factor in stress of managing or needing to to hire managing company. 

I would want to to use a fha loan and it is a 3plex 

And the seller can move on with 10k in his pocket.Use the sub-to to purchase the property.

This means the cost in terms of your equity is now "buying" only 3 times that new total equity...and the CF remains the same.3 - Selling the property, and converting that $40k equity to cash, allows you to to buy 2 of the same property you just sold.4 - Your total PV is now $200k (not just $120k as it would have been if not sold).5 - Since you would be buying 2 of the same property you just sold, your CF would double as well.6 - By not selling the property, you are losing CF equal to the current CF, and in this case you are also losing $80k in PV.7 - Repeat this process when the same conditions are achieved on these (and future) properties, and you have an exponential return on your money. 

I am closing on a property in Desert hot Springs next month as a vacation home (10%) Ideally, I would like to put this property into an LLC for liability purposes. Has anyone done this before?Should I focus on closing...

Not looking to to crazy with the rehab but general updates the previous landlord did not do.

Unless, you plan to to hire subcontractors to do the full project.