“Respect” in Ali G voice, And Kudos to BP community for being so nice

So if something unexpected is uncovered during due diligence I can't get the deposit back. 

So nice to see several others on here from the area. 

From what I've uncovered after speaking with some local lenders it's possible to obtain residential mortgages through an LLC, however lenders won't consider it unless you've been able to demonstrate positive income (by means of tax filings x 2 years) sufficient to cover the added expense of the new property. 

And a year later they were broken up and having to deal with selling or somehow splitting the house they had purchased together.Outside of that it seems like you have a bunch of equity and cash so nice job! 

The homes are in move-in ready condition i.e. no rehab required or no major issues uncovered in the inspection report?

People don't like to be jerked around so I've used the pass/fail inspection a few times to let the sellers know that I'm familiar with the rehab needed and unless something major was uncovered like a collapsed sewer line, I'd close at the price I told them.

Should I just find something that'll work to get my feet wet or keep digging to try to uncover a great deal?

It is also so nice to be seeing first hand how it works to use other peoples money and to pull equity out of a property to buy another one. 

To structure seller financing, it is always best to begin with a conversation to uncover the seller's goals.