The LLC is the logical next step.

Life is not a race and there are never any true winners so take it one step at a time.

Oh I definitely know that I'm not fully ready yet by all means, I'm just excited to finally make the steps to getting to where I want to go with RE.

If something were to change and an agreement was broken or minds we're changed,  the funds would be stuck in escrow until court order,  either initiated by the principals or the escrow company. 

The attorney won't walk you step by step through the process like an agent would but the contract you sign with the FSBO can be structured the way you want it with an attorney.

They are a little more strict about how you go about buying and selling creatively with terms but it is not impossible, just a few extra steps to stay legal.

This is exactly how you will learn the step by step of the type of investing you want to be a part of.

My original credit facilities were to buy court house steps.. so we needed cash on the barrel head so we started with a 4 million dollar unsecured LOC.. we used that cash to buy then we got the appraisal etc and tapped our holding line which bounced between 6 and 8 million.. it was pretty sweet.. you talk about advantage at the court house steps.. walk up with a couple milske in cashiers checks.. and if I did not use them that day the money was never taken from my account and I was not charged for it.. this is what great banking relationships will do for you.. then in the melt down of 08 that bank was the only one of 5 I dealt with that kept my credit lines in tack but they shrunk dramatically of course..

What kind of money did you have to invest initially?

I'm curious what other people set as initial goals and strategies.Brian Dps: I'm going at this full time.