this is a good way to start your rental ownership career just beaware that rentals = work and you must stay right on top of it.

Hello everyone!First of all, let me tell you I am glad to join this community and I am coming here very humble and with an open mind. I bring a set of skills as well which I will later discuss so that I can also be us...

I have not been able to find any records of a probate, will or deed that would have transferred ownership.

Those will be your areas where there is an actual ownership demand.

The best way to find them is to send out mailers.Some good lists to target are Absentee Owners with Equity, Seniors with Long-time Ownership and Homeowners with Low Financial Stability Scores.You should work with a list broker to optimize your list for your area.

You can verify ownership by checking County records.

Then does the land trust contribute the land to the LLC, or do the individual owners simply contribute their ownership in the land trust into the LLC in return for a membership interest?

Just bought my first rental property and I’m going to form an LLC and move it over to that ownership.

We have some mild experience in landlord/tenant from our previous home ownership, my experience in lending is more on the regulatory side, but I'm not unfamiliar with lending, closing, foreclosure, and short sale processes because of the time I've spent in financial institutions.

Then that partner would get a portion of the Sponsor/GP/Manager ownership.