Next step is the tenant screening process.  

1.Focus on a market or sub-market depending on size or ability to cover market2.Know as much as you can about the market, inventory in the market & build relationships with the owners/brokers of properties between 10-100 units.3.Clearly articulate your business plan and investment criteria to owners/brokersBuilding relationships and understanding the inventory in market will turn over the deals you are looking for.

Pretty decent overall metrics on my offer of about $139k which would rent for about $1,400However, after inspection, it probably needs $3,000 of capex and with a foundation inspection it needs at least a soul leveling for $4,000 or a full foundation overall auk for $10,500I countered during the option period with $125,000 to cover my capex coats. 

Hello Jesse,There is hard money that is 100% financing if the ARV is enough to cover all costs.  

Long story short I never got a chance to actually flip a house but a property owner offered me a gig screening tenants for his vacancies.

NOT a Loan to the LLC  but true capital.. if they own less than 20% of the LLC usually they don't have to PG. you CAN have uneven distributions in an LLC so no matter what % they own they still have a capital account to cover their cash.. the capital accounts would look like this1. your friend  100K2. you 100 dollars..property is sold it makes 200k  first 100k goes to your friend.. next 100 dollars goes to you.. the 99,900 can be split any way you guys agree to in the operating agreement.. this is the luxery of the LLC... you can establish a pref . 

His SD will cover Oct rent (and damages) and partial coverage for Nov if I don't have a new renter.I have to do a SD accounting within 21 days. 

If it produces more energy than it consumes then the building is Net positive - though Net Zero is too frequently used as a blanket term to cover both these cases.Ironically, Net Zero does not automatically imply higher energy efficiency - there are several examples of commercial buildings with large expanses of flat roofs (i.e. warehouse) which are net positive, despite the building itself being horribly inefficient.Building standards in North America are woefully outdated on matters of energy efficiency.  

For quick screening, do you use a number higher than 50% when evaluating Houston area properties?  

The following covers the prohibited transaction rules. https://www.irs.gov/retirement-plans/retirement-plan-investments-faqs