Each property would be owned by a Limited Liability Partnership created in the US.

There is no "time limit" as to ownership of the Lancaster Condominium Units.

Based on what you're saying you're limitations are, I don't know how much trust I would put in the internet......I like the idea of being able to put a thumb on someone responsible for positive results.

If you have a REALTOR you used to purchase-ask them for a handyman that would do repairs for you that is honest & good, and contract your own repairs out-also BY LAW-AND THE CONTRACT-they can only do repairs above the limitation if it is an emergency, such as to damage the property or if it is a necessity to the tenants-ie; water/plumbing, a/c & heating, things like that-Maintenance is not a neccesity-I would threaten to do a dateline investigation on them-I think all PM's deserve it-and that might work too!

3. once you are high bidder on a property is there a certain time limit that you have to have the loan approved for or do you have to be approved before you go ?

In my limited research I have found that investing outside of California is one of the few ways to find properties that are positive in cash flow.

I have a limited amount of time that I can spend on any forum.

I have read that condo assoc. limit the number of rentals due to mortgage clauses that kick in once a cetain percentage of units become rentals.

I have very limited income, but loads of time to invest in building my Realestate buissness.

This is limited information and meant for general reference purposes.