Hi @Cj Powderhorn,Your concerns are certainly valid for Cape Coral regarding the excessive time on market.

So just always good to check but use enemy method to validate or find comps with historical financials near by.

Great info to have and I'm glad you were able to validate that the first person was the right fit!

(Note its typically reduced by the percentage, so as an example if you pay 90% - $90k for a $100k loan, and the UPB was reduced by $1,000 - you get a $900 deduction not the full $1,000).But let's take a deeper dive into a LSA and some of the key areas - Specifically the section called "Representations, Warranties & Convenants" For both the buyer and seller. 

Plus, the fact that you wouldn’t have to bring money to the closing table is a win—some investors have had to do that just to move on from a bad decision.That said, if you can hold on, cover the mortgage, and keep repairs manageable, it’s likely just a matter of time before values bounce back—especially with the projected rate cuts.Both options are valid, and there’s no right or wrong decision here.

I mean, I’m not gonna run the hills and cities claiming it’s validity however I wouldn’t give it one star.

Yes, I know bonus depreciation is 60% for 2024.My questions:1) Does this sound valid, or are there many more complicated steps for this to work?

If you are going to take on the extra work required by an LLC, make sure you have a valid reason to do so.An LLC is useful for two things: anonymity and legal protection.

No point in writing offers that have little to no success of being validated by the lender or appraiser. 

It would be like opening a restaurant that limited it's clientel to one generation.You seem deadset on it though and don't really want or need our validation/approval...best of luck to you....