I made the mistake of agreeing.  

A few weeks later we saw it came back on market, we checked it out and made a quick offer to land it $25k under list price.

My client immediately ordered an independent appraisal to be done on the property which came back with 1,350.

There are soo many scams out there you need someone to watch out for you and the tenants.Also keep in mind a local manager should also have great vendors relationships that prioritize their work orders. 

You, of course need to have a written agreement with them before selling the LLC to them and you will need to officially transfer ownership of the LLC to them using the legal means mandated by your state laws (check with a local RE attorney).This strategy is better than a double close because it's less risky and better than assigning contracts because offers are often made under LLC's so will be accepted more often than offers that stipulate assignment of contract.If you are already under contract under your own name or under the name of an LLC you do not wish to sell (like your company LLC), and your contract is not assignable, then you may be stuck with a double close.

What made you interested in investing in this type of deal?

Good afternoon,So I have made a verbal commitment on price for a home. 

Oftentimes, we would work closely with CPA to make sure how our borrower's taxes can be filed that would save them from paying taxes, but also making sure they can qualify in a lender's perspective.You would want to make sure your first few deals has an acceptable of return in order to lower your DTI and expand your investment portfolio in Real Estate.

I am new to investing in San Antonio and just made an offer on a 4-plex.

In order to list as a Rent To Own I first need to refi a long term mortgage right?