In total we spend about 7,000 per floor on furniture -- that included 4 beds frames, mattresses, desks, dressers, chairs, floor mats, 2 couches, coffee table, end table, and entertainment center.Here's what we found:Pros:* Shows great because everything looks new, so I can command top rent for my area* Furniture is cheap so if it gets broken, it's easy to take out of the security deposit* Couches are easy to clean* Nixs and dings are easy to cover up with a markerCons:* Takes a long time to assemble all the furniture.

They are cheap and easy...

With some of the cash from #3, I found a cheap property through the local RIA.

Say I do a small mail out campaign to absentees and find a seller in order to find the same house style I want, but for as cheap as possible.

Depending on the area in Lawrence, many of the properties revolve around student housing, and so timing is especially critical because there's a small delivery window before the new semester starts.Just to give you rough idea, we just got a 3-br SFH under contract in Lawrence near KU, all-in $106k (comps at $135k) and $1,175 in rent.

You could have had someone come out and fix it for $40 but you were cheap and tried to put it on the tenant and now you have $2,000 in damage.  

The price per unit has to be cheap....

I can answer your question(s) based on my research—you should however seek additional help from a professional and tap into other resources here on BP (e.g. threads, articles, blog posts, podcasts, etc.).Answers:Traditional banks likely won’t lend to an LLC without a personal guarantee and if they do, it would unlikely be a conventional product or eligible for delivery to Fannie Mae (read find a portfolio lender).Selling your property for $1 to your LLC might trigger a due on sale clause in your mortgage agreement.

I had access to very cheap money (we are talking 3-5%). 

There is no point in paying down cheap money even if you can.