I guess I am wondering (a) if I am missing something and (b) if there is a reason why I can't do this many times over?

If had to guess, I'd say you'd be lucky to get 50%.

I guess my main question is who should I be contacting to start the short sale process?

I'm guessing this is some sort of quick and dirty estimating technique that could be performed on a pocket calculator.

If you call up a big corp and securities attorney in your area, you may get similar responses...from no response to, 'well i guess you gotta start somewhere' with no indication that they wanted to waste their time on a peanut fund.

I don't know NOVA specifically, but I grew up in that area, and I would *guess* that you're looking at $100-150 per square to build, NOT INCLUDING land costs.The bigger question is what kind of experience and network do you have?

I guess the other factor is how backe dup the courts may be.

He mentioned that he had a friend that set up each rental property under a separate LLC (thru Deleware) and also had one LLC that acted as an umbrella to all the other LLC's.I originally thought it would be nice to have my name in the title of my LLC, an ego thing I guess but I have recently had a change of heart.

My guess is the lender's all have internal policies regarding max. cost of commission they are willing to pay.

They say they are royalty from an African country (dont want to name it) and are P'd off that I would want to run back ground checks. ...Let me guess: Nigeria :)Another variant on the Nigerian scam!