I asked what that meant and he said like you do.  

@Sharon Alexander, in Alabama if you give a bank a deed in lieu of foreclosure, which is what is meant when most people say they surrendered a property to a bank, then there are no redemption rights.

Finally over the last couple of years I was able to turn the corner and was finally ready to take the plunge, but living in Southern California meant I needed to get over the Out of State investing hurdle. 

Deposits are meant for incidentals and in many states are not able to be used towards rent. 

I love the idea of your LLC lending to you in your individual name in order to get a conventional mortgage (better terms than portfolio).I looked into this a little bit last year and one of the potential issue I found was the language of "arms length transaction" from the borrower.There's a good chance that I didn't understand what it meant but basically I understood that the owner (members) of the first lending LLC couldn't be the same as the borrower.?

These PGs mean NOTHING without a high net worth and are only meant to be used in cases of deficiency - meaning the collateralized subject property doesn't have enough equity to make the creditor whole.

Market value is what a willing buyer will pay a willing seller for the property evidenced by the Purchase & Sale Agreement.To be fair, you didn't say any of those things, so this isn't meant to challenge you. 

Renting isn't meant to be permanant, but the people who get such good deals from their landlord on below market rent have no issues making it permanent. 

What did you meant by "right kind of revocable trust"?  

That's not what I meant.