Then I usually get a letter from the Sewer provider citing the Indiana law which says I'm responsible for Sewer if the tenant fails to pay. 

'Your best bet is to wholesale for now- you find a super good deal (how are the yellow letters coming?)  

Unless you are getting a bank loan and are willing to accept higher interest rates and balloon payoffs, buying within an LLC is not a clear-cut decision.An LLC can be created very quickly and should costs under $1K, but you need to know there will be costs and time to maintain that LLC every year.  

Tenant estoppel letters should be used in the sale or purchase of any tenant-occupied real estate, whether residential or commercial. 

Pierce that corporate veil like a water balloon.

Quote from @Christopher Robert Noland: Say I can get an owner finance on a 99k house for 5 years with a balloon payment. $2500 down. 

I am getting a 5% interest rate, 30 year amortization with no balloon, no prepayment penalty.I am deciding the best way to fund the rehab. 

Inspection Costs - $400 Lender Fees - $1,000 Closing Costs - $2,000 Mortgage Payments - $2,500 Property Taxes - $600 Utilities - $1,000 Insurance - $200 Commissions - $4,000 Selling Closing Costs - $4,000 Home Warranty - $500 Termite Letter - $100 MLS Fees - $100 

You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

We can fold 500 letters in about 10 minutes.