NOW, with my finance background i analyze the properties in a way that makes sense to me with that being said IM REALLY INTERESTED IN LEARNING HOW PEOPLE VIEW AND ANALYZE a "deal". be as detailed as possible on your analysis and how you go about it, your steps and the reasoning behind it. as i see posts come in i will posts how i go about mine so that you guys can critique and also give me pointers.PS: if you guys have deals in northern and central NJ please let me know were looking to close on the right deal ASAP

Be prepared to talk pros and cons. if inherited them may have stepped up basis so no tax consequence.Would you pay a premium to get terms?

So I don't think we can say what is the "right" method to do here but if you want to change to your LLC, then there's not really an issue in doing so from the loan standpoint. 

He's pretty handy, so he's looking for a fixer-upper that he can put some sweat equity into.I'm considering purchasing a house for him using the BRRRR method, but doing a lease option instead of renting.  

I'm using the BRRRR method, and median rent is about $850 for a 3b/1b.  

What method would you recommend for a new investor?

Here are some guides to this site that can help:Find and connect with other BP members that are in your area--MEETSet up keyword alerts to be notified of the topics that interest you--KEYWORD ALERTSRead Beginner’s Guide-- GUIDECheck out BP Podcasts--PODCASTSFinally, my advice to you would be to take small steps and be disciplined with taking ACTION.  

Anyways, just wanted to share my success with the  BRRR method, with the hopes that it would motivate new investors to get off the fence and jump it.  

for rentals, sole proprietorship is generally accepted as the preferred taxation method.

I am looking for someone to answer questions step by step as I do my first investment property without making mistakes.