You will still want to use a title company to do the transaction, and get everything properly recorded.

One of the most important things is to speak with the proper persoan at the bank that handles what you are looking for, and as Mike said, use small local banks who provide commercial loans.

My question is: How do I figure out a proper bid to make?

Properly installed, it will be a 25 year job.

You'll also want to check with your CPA about the tax implications of moving the house in and out of entities.Be sure that you also check your hazard insurance and title insurance each time you re-title the property to be sure that the proper entity is insured.

One thing to remember is that if you have budgeted properly for vacancy, the money used to money used to carry these properties when they do go vacant will come from the reserves you have created not from your pocket.

I've placed 2 posts this being the first and I don't think that I mentioned on here that the house is a deed in dieu so we're assuming that they are now reforeclosing on the house because it was not done properly.

Wanted to expand on that first deal but life got in the way.

If banks continue on this path of restraining business access to capital and credit, companies cannot grow, expand and hire, putting additional strains on the economy.

Unless you are a plumber/electrician/landscaper/tree trimmer/... start with a small rental proper and work you way up to the 4 unit.