Completely agree, they have a solid reputation as a company that pays on time and as promised.

I’m here to network with like-minded individuals, share experiences, and grow my knowledge in real estate investing.

As a general rule of thumb it's smart to pay for 10 - 20% of the total costs (purchase price + rehab) out of your pocket and then finance the rest with hard money. 

maybe this deal is so juicy, someone would pay me for the right to take it over.

Specifically, a team member of his wrote, "You are required to issue 1099s to contractors you pay over $600 in a year.

I pay $119 a year to bring my coverage up to about $4 million.

If you’re a California resident, the state will still expect you to pay its annual franchise tax for your LLC, even if the LLC holds properties out of state.

The way that things like this are typically handled is that if a lawsuit were to happen, since both people have been behaving under the assumption of a lease (the landlord renting their space and the tenant paying rent), they would probably treat it as if there was a standard month to month lease agreement.  

@Kwok WongGood luck with this strategy as you will tick off every agent and they will not want to work with you or have you pay them upfront.What makes you believe someone will accept 50% off list price?

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.