Real estate has many other advantages, leverage, the ability to improve value, amortization, tax advantages etc.

I would take this deal if you have the ability and desire to keep it long term.

You should be able to request the ability to review the application before he accepts someone in the future, just in case.Hope to see more of you on BP

You may not like this, but here it goes.People need to begin by assessing themselves first, thier circumstances, education/knowledge of RE, thies ability to borrow, thier credit, thies ability to meet and work with people, thier understanding of business in general and the community inwhich you expect to work in.

First you need some basic business consultation and you can get free advice from SCORE, google that and follow from there, probably have advisors near you.An LLC is sufficient to do anything any RE, the type of business structure has very little to do with the nature of business conducted, as a small business your considerations should be based on tax matters, ease of adminitration, flexibility to conduct business, ability to obtain financing and insurance and lastly liability matters.

I have the ability to buy a good number of homes in cash or at least qualify for a large amount of loans.

After thought: Realizing that my income and ability to pay off mortgages increases as each home reaches a zero balance.

If you're primary focus is capital growth (what I call appreciation potential), then you'll want to focus on more cyclical markets where you can get a positive cash flow but stand to gain more on the "back-end".In both cases above, you'll want to stick to markets that have a sound economy and a healthy housing market.

Your sales skills and ability to negotiate will go far.

You need credit, income, knowledge/experience, collateral and assets to be considered for financing in RE, if you lack in one area, you need to compensate in another area, but the ability to repay and collareal can't be completly overcome with other aspects.