If I ran a bank, I'd want skin in the game.

Helped a client come up with an investment game plan and make 6 offers on houses this month.

Depending on the chain they have a selected broker handling their growth and searches for them.The restaurant also has a builder that does spec work for them.Not all restaurants have free standing and some only have in line models.You have to see what the product mix is for the area.Example if 20 pizza places are in a 2 mile radius the saturation rate might be to high for a particular restaurant.They look at demographics,price for the land,required easements,traffic flow for time of day whether they are mainly a lunch driven business or dinner.Shape of the parcel for architectural work,flow,and what model of restaurant they can build there.Example a franchise has 3 size models.Data for the area suggest the biggest model.Your parcel would only fit their smallest building.In that case they might see about buying another parcel to increase size or find another location.Chain restaurants usually lease the space so they can free up capital to keep growing locations and their brand.

Tony,Either an LLC with S Election or an S-corp will work.

I have selected various areas that I felt very comfortable in acquiring properties but I'm also comfortable holding on to those.

Let's quit the word games and personal attacks.Stop making these accusatory comments at me.It's wasted space.Let's stay on the subject of the topic.You seem like you are frustrated with trying to buy an REO property and trying to direct it at me.It's simple.If you are a cash buyer then show the REO broker you are serious.Show them proof of funds valid within the last 30 days from your bank account.If you are using hard money then that is different from cash and subject to the appraisal and valuation the hard money lender wants.If your boyfriend is a contractor then maybe you can save on a home inspection and do it yourself.The REO brokers loyalty lies with the asset manager and the company they get listings from.Again if you are buying one property the REO broker is usually not going to work hard to get that accepted unless it's at asking or above.The bank is possibly giving 20 or more properties a year to the REO broker.

I don't know anything about the transfer taxes or other games The People's Republic of Kalifornia makes you pay.

I don't know what rental rates are in your area, but I charge 550 for my one SFR (discounted from market rate of 600 so I have a broader pool and can be more selective) and don't expect anybody that ever rents from me to even qualify for a credit card.

I am after all new to the game and may have jumped the gun making such claims.

You need to select the correct one for the area.If you have an experienced team behind you it makes all the difference.An associate is buying in Detroit gets a duplex for 6K puts short money in it and gets 1K month cashflow when rented.