I'd like to buy a residential home for myself but I'd like to see if I could get owner financed, either whole or partial. 

If you can't do it yourself the whole job can be done for 100.00 including the material. 

What are somethings I need to do in order to achieve this goal and to begin working on it immediately!

What are somethings I need to do in order to achieve this goal and to begin working on it immediately!

What are somethings I need to do in order to achieve this goal and to begin working on it immediately!

On a rental the schedule is 27.5 years with a mid-month convention, so the month it became a rental is important that's when the depreciation starts, not the whole year.

Thats the whole point of leverage.

We will then transfer title to the LLC upon closing (we have received lenders permission to do this).My question is, when we come to purchase another property will the lender view me as responsible for the whole mortgage debt and only 33.3% of the income?

Plus I painted the whole house and it cost me 2000$.

You have to rehab it, market it, sign a bunch of paperwork, hope deal actually closes, etc etc"I think you make a good point in that you should be looking at all of your investments as vehicles and ask "do they suit your comfort level and help you achieve what you're trying to do?"