And have you received advice to have an LLC for each rental property you own or would 1 suffice for multiple properties?

Will the warranty deed suffice the lender for a new home under a VA or FHA?

If the relationship is such that a handshake will suffice, is that enough from a legal/tax perspective?

Like the "X% rule" for Sacramento and surrounding areas.Specifically I'm looking for small multi-family in the $350,000 to $400,000 range.With these within three, I'm thinking the 1% rule will suffice from now on, but I would love the input of other local investors.

@Stephen Akindona Do you think traveling there on the weekends would suffice for an opportunity?

A simple letter should suffice.

They are risky, but 1 full year of renting at fair market value is likely to suffice.

That's a condensed version of what's involved, of course, but suffice it to say it's quite different than a typical wholesale deal and a heck of a lot easier to find a homeowner willing to agree to terms.

@Gilbert RodriguezThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

From a learning perspective and I am concluding, 1. a simple addendum to an existing purchase/sale contract saying seller can stay x days post closing, etc,etc, does not suffice at all...2. a best option is to move closing back, 3. and a last option is to create a "lease agreement" or "post occupancy possession agreement", I assume same thing. that needs to be written with strong terms of protection, and it is handled completely separate from the closing transaction.