Currently I am just meeting and helping others online through free one on one calls. 

This is a better question for a lawyer or accountant :)I use cloud peak law in Sheridan for all my LLC work. 

So to clarify, do you use online ads to funnel prospective sellers to your website and then get them under contract? 

**Private Money Lending**: Invest in other people's real estate deals or funds passively, especially using old retirement accounts like a 401K to fund these investments.

The $612 monthly profit does not account for items like future repairs, cap ex, maintenance, and vacancy.

One other thought - some banks want to know that you didn't borrow the money used for the down payment, and will ask where the money came from or check to see how long the money has been in your account.

The bank I normally worked with didn't want to finance it due to this tenant leaving since they accounted for 50% of the monthly rent.

However, you can find properties in the Yaupon section of Oak Island, on the second row, that are located outside of the Special Flood Hazard Area, which lessens your operating costs due to not having to pay for flood insurance (link to online map here). 

I found much greater success cultivating relationships with my local brokers/agents and consistently reviewing material online. 

Make sure to take property taxes into account when assessing possible investments.