And I fumbled myself right into some amazing deals just simply walking around, knocking doors, talking to people. 

This place has been a wealth of knowledge to many, and I hope it is to you as well. 

where to buy rental property's in Texas.Hi Rahul, you might want to look into the Columbus OH market.

Extension: Borrower may extend this note once for up to twelve (12) months.

If there’s any equity get your lawyer in to court and try to place a lien on them. 

A HELOC is not a great tool to use as a down payment on a long term hold, it is best used in quick turnaround scenarios.

Yes, accepting this family seems reasonable if their financial stability checks out.

I would like to install all wood cabinets as this house will hopefully sell in the low $200K's after renovation. 

If you materially participate in the LLC’s operations, you may be able to treat the income as active.Material participation in a rental activity, with or without an LLC, still runs into PAL rules.

I use @Bethany Turon for property management and she is the best I know.