They have a choice of buying the home, or moving out and letting the next guy in line buy it.You offer a program to buyers with a couple grand down and affordable payments for 3-5 years on the balance.

But it's still a choice that you are making for a bad act that wasn't even committed by the tenant. 

The advantage of directly owning is not only having complete control, but also the ability to create sweat equity when you are cash poor.Really your best choice is probably to hire a property manager.

@Brandon Hall correct me if I'm wrong, but for the 2018 and beyond tax years, the LLC now does make a difference, as it could be subject to additional pass through taxation reduction- as well as needing to make a choice on how the deduct mortgage interest.

PS, basing your choice of lenders purely off the quoted rate doesn't tell you anything about their performance.

Close to 100k equity, credit score (low 500's) does not allow traditional funding.

My first wholesale deal closed to yesterday and my very traditional broker is questioning whether it is legal for me to be a realtor and wholesale deal.

That way when you graduate you can hit the ground running and feel good about your choice.

I'm targeting properties in the $100K - $200K price range, with the intention of using traditional mortgages for financing.From the outset, I do not plan to set up an LLC; first, because I don't think most banks will lend to an LLC, and secondly because I don't think such relatively small investments will arouse the attention of ambulance-chaser lawyers. 

Hey Nic,Did you setup a traditional LLC or a series LLC in order to separate each property?