I'm unsure of how sub2's really work, so I don't have an answer for you there.

Ibrahim S I was able to find the owner and I am know in the process of negotiating for the property.But usually I will wait to talk to the owner first to see how much they owe( if they are motivated they are wiling to give all the info) instead of doing a limited lien without really knowing if I will be buying the propertythanks

Each of them focused on different market(s), varying neighborhood demographics, and with slightly different investment philosophies.Without getting into a lengthy step-by-step explanation, my suggestion to help point you in the right direction is to focus on markets with a stable housing market, and a growing (or stable) local economy.Once you've identified the best market for you and your investment goals, then select neighborhood and property combinations that make the most sense.

So I feel he had the plan to do the work correctly, but didn't reapply and complete the process.On the contrary, I could see some elevated risk here.

Justin S. mentions sales.

@Shawn S.

I used to live in L.A. back in the 80's.

I wanted to lay out some simple facts and ideas and see if some of the more experienced members can help me proceed efficiently.About me: Mid 30's, employed, good credit, no debt (except current home, has ~30k in equity).

I'm am fairly new to RE so sub2's and land trust worry me.

I was looking specifically at nevada to form my LLC and get a DBA because they dont have other licenses, tax ID #s and whatnot that are needed I believe.I got a UPS box, 1800#, voicemail, business phone, domain and hosting.Tomorrow Ill order businesscards, signage, form the LLC+DBA, register a EIN, look for a VA, make social media profiles, buy seo packages off fivver and call the bank to see whats needed for a account for this new venture.Am I forgetting anything major?