I agree with John and Daniel that mostly your efforts should be focused on finding deals, but you do need to start building buyer relationships right away - you definitely need buyers, and finding one with no time to spare (after you get a contract signed) can be challenging.Google the typical REI phrases like "sell my house fast" etc. and call the top ones - tell them you have a deal IN THE WORKS (typical 3/2/2 blah blah blah) and you just want to see if they will be interested if you get it under contract.  

Greetings,Can someone explain what the underlined phrase below means in simpler English?

I've never heard of that phrase and am curious as to how it works, so please explain (and also is having a down payment or security deposit necessary)?

Most of landlords are not interested in doing Section 8 either, but we phrase it always the same that we will consider all applications as a whole and once we have the application we review it and see.In my opinion, no landlord should be forced to do Section 8 and I don't think it can happen, but you have to be very careful how you vet tenants and decide so you are open to all applicants, but still able to make an informed, best decision for yourself.

Open-ended questions are phrased as a statement which requires a response.

As much as they phrase "to their best knowledge that is what is means" I believe it is mostly to keep the community as private as it is, which is understandable from a personal perspective. 

The way I interpret your phrase is that you will be living in one of the 3 units yourself, while renting out the other two.If this is the case, than you're buying TWO properties, for tax purposes: a personal residence (1/3 of the property) and a rental property (2/3 of the property).

You need to be able to explain what they do to the sellers in baby terms (the legal phrase is "least sophisticated consumer standard").Next, you better have the capital to float every note for at least 6-months. 

Maybe I didnt phrase my answer correctly...

The two most popular bandit sign phrases are “We buy houses and I buy houses†I don’t care if you named your business Joe Nichols Investment Company make certain that if people look in the telephone book under “I Buy Houses†or “We Buy Houses†they see your telephone number.Like the famous tennis shoe company slogan says “Just do Itâ€.