Prove yourself as a reliable tenant and work with them and more of their portfolio.

3- To record incomes and expenses correctly for tax issues, do we need to make an official contract for the renovation (between the LLC and one of the owners), or is simply issuing invoices and receiving payments in the LLC’s bank account enough?

I have saved up a decent amount where I can now put a down payment on a home.

There's a big difference in the order of payout in the event of a claim.If the buyer defaults on the payments or any other stipulations of the note, you will need to hire an attorney to foreclose and get the property back.

It would be easier to find low down payments on a fix and flip loans than once the work is done refi that property.

What are some creative ways I can come up with the down payment and rehab money?

@Sridhar D. that's a strange reason unless the tenant needs to fix their credit or save up for a down payment to qualify for a mortgage.If so, I wouldn't hold my breath that they will perform.

From June until November I haven't received one payment, my court date was set on the Monday of Thanksgiving which the clerk couldn't give issue the court order document because she was swarmed with all the cases that week, the following week I received the court order and the writ.

Got private money for the purchase, the rehab and even the interest payments.

We will allow you to do a holding agreement up to two weeks the "holding fee' converts to the 'first month's rent' upon deposit payment and lease signing within the timeframe.