@Michael Smythe - Agreed it is all basic stuff to you and I in the field of PM.

If they choose not to accept the rental give them x days to move without penalty.

The stock market is up something like 80% of the days long term.

Hello everyone, How do I start earning in realestate (no matter how small it is) if I don't have over $10,000 in cash or in collateral asset.

Do you know Michael Wright in Detroit? 

@Danielle Levy a lot of questions regarding your accusations:1) What are the average Days On Market (DOM) for rentals in this "hot" market?

Excavator rental will cost you $300-500/day, or about 1200/week usually.

If you live in CA, and your LLC is in OR, you still need to register it in CA and pay the 800 dollar per year LLC tax.

This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

There is a reason that even if you are Curry or Lebron, Coby or Jordan, as great as are / were, they are still in the gym, day-in and day-out, working on the basics to their last day.