USP would be instant approval on a non recourse loan, minimal paperwork and no credit scoring. 

The intent is to minimize the amount of assets that can be seized, by segregating your assets, in the event that one of your properties incurs liability in an amount greater than that assets value or any insurance covering the asset.At the end of the day, what you need is legal advise which can only be given by a lawyer.

The minimal credit did not phase them, and we closed the deal.RemodelOur plan for this home is to add roughly 300 SqFt, bringing the total to around 1950 SqFt.

If they see you dropping after 14 days by minimal amounts they won't see it as a reflection on the property.

I'm planning on getting licensed this summer and trying to figure out who I should work with.I'll be doing this part time so I want minimal ongoing fees.

Hi,Typically if the bank had mortgage insurance (PMI) on the loan, they will try to be the highest bidder, so they can "cash in" their mortgage insurance and minimize their loss.There is also a 30-day period from the sale where the owner can remedy their loan (which typically doesn't happen).You can ask a title company to do a preliminary title search on the property, which could show tax, mechanics liens.

Closing cost est.  2KNet profit (minimal carry costs - paid cash)      aprox  59KI think I'll start paying more attention to online auctions...

You can start with wholesaling minimal investment.Good luck!

If anyone willing to give me chance to manage their property and I will assure them I will cut the operating cost to minimal and make their investment much profitable.                     

Typically the cost of starting and maintaining an LLC are minimal, however this varies state-to-state.