Thanks John,So given that each of our incomes qualify for the mortgage individually, this is a possibility?

That would be individual benefit to the homeowner and forced loss on the lender.

I've been told that an LLC is the way to go, so that we can protect ourselves as individuals if something happens in the rental(s), and also to get the best tax benefits.

They'll just go out business and then file individual BKs.

More to the point, any lender these days is going to require the buyer and seller to sign an affidavit indicating the transaction is "arms length," meaning the the buyer and seller have no relationship outside of the transaction.This clearly isn't the case, so signing the affidavits would likely be considered fraud.

If an individual were to buy 50 units, he could be buying a job, doing most everything himself.

It can take the tax assessor/collector months to update a tax mailing address, so those records aren't the best indicator of current ownership You'll need to learn how to look up property docs in your county so you can see what kind of liens and notices, etc have been recorded.

With the disclaimer that everyone should talk to their CPA before proceeding to discuss their individual needs and personal tax situation, I think it's best to operate out of an entity.

I don't believe the agent is required to get a written rejection (I could be wrong, don't really know), but that should send the message that you're not going to give up without some indication that the offer was at least presented.Also, I would make sure that you address the issue of the agent's commission.

or are we so forgetful that all the other indicators including simply the raw number of inventory has no affinity to the market?