Joe, I like the fact that you encourage someone to get additional training.

We look at lenders (so long as they lend in the asset class you are considering) as an additional line of due diligence (they deeply care about their money and they are likely more sophisticated than you are).

Duplex have different zoning that may permit additional units.

In addition I wasn't going to even mention this site but heres the link http://www.ripoffreport.com/reports/jerry-norton/i...Thats all ill pick on him today.

They will have additional costs for mailing & online campaigns to get leads.

A low LTV refi to get you some additional cash should be enough to clear this up.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

Additionally, for the AR llc, do I need to register the LLC in California as a foreign company?