I plan to live in it for awhile, make it look pretty, find a renter, and buy another one.I'm new to both REI and the forums, so I'd very much like to get to know some of the members here on an individual basis.

I guess I hadn't expected anyone to hang onto each individual word -- I'll give you this one, because I knew as I typed it that it was not the accurate word choice, but it was late and i was tired.

That is way I am currently seeking any individual who is willing to learn how to invest the right way.

As far as individual SFR deals go (not bulk REO) I try to stay in CA.

Really high end stuff we will make individual appts, but it's amazing how many people just don't give a rat's butt about meeting their commitment.

The IRS would not allow the individual to deduct the mortgage because the interest is not from a personal residence or vacation home and there is no rental property in the individual's name to offset the deduction against the income.

We buy individually, generally only requiring 5%- 10% down and usually with a seller credit at close that will cover future mortgage payments for 1-2 years plus closing costs.Why not post the numbers on a typical deal?

I do not think Lonnie will be showing up but many who practice what he teaches will be there.

Can you share the terms and conditions of the loan you are about to get from this individual---what type of loan program at what interest rate?

We hope to do 10 properties over the next 18 months.I know that an LLC can make the designation with the IRS to file as an individual or as an s-corp.