Will you be having partners?

The property will have less expenses for upkeep with an on-site manager upholding house rules (so definitely won’t be having house parties and drawing negative attention from neighbors or law enforcement)and taking care of small fix problems that arise.

You'll have no car payment, no gas payment, no auto insurance payment, won't need to worry about spending money on dates as you won't be having any, and given the 29 mile commute each way, you can cancel your gym membership if you have one.

My lawyer is presently forming the LLC and will be having the properties transferred over from me to the LLC.

@Johann Jells I'd be have to agree on appraisers.

My second question will then be, Have you tried out of state rental properties?

Peekskill in particular seems to be having a renaissance and have some sub-400K properties. 

@Tim Ivory the best scenario would be have your parents keep the house, fix and sell it, and take the profit.

I've realized that people will behave and conduct business in any fashion they wish.

As an example – a car dealer doesn’t want to spend money mailing to people who probably won’t to be able to qualify for a loan.When looking for Motivated Sellers, we target homeowners on the opposite end of the spectrum: people who are most likely to be having financial difficulty.By applying Low ESI to your list, you add a level of motivation – homeowners who are struggling economically are more likely to want to sell their homes.While credit scores were utilized in developing the model - they are not actually part of the model (hope that makes sense) so there are no restrictions in using it.