I would rather not have any coin slots or "cash" on site.

Another side if your property is not in the city and in the suburbs of Detroit they do not bill the tenants it goes directly to the property owner and the owner is responsible.

if you don't have that relationship you need to get on site as often as possible to ensure things are going well or hire a local property manager to oversee things for you and then rent it out for you.

Condition: One tenant doesn't want to leave, have to bribe them to leave perhaps with some cash-of-keys- In San Pablo, a listing of 250k with comps of 500k.Situation: Sewer issue, only cost 20k but the city is asking the new owner has to repair everything with all permit.- South Hayward: 600k "duplex"- This year I got a comps of 1.3mil "mansion" 1920k for 800k.

Financing Insights: We wanted to utilize leverage on a larger asset, so we used low down payment owner occupied financing.

What loans do property owners use to acquire land? 

Then buying with 1031 can't be owner occupied with low down payment. 

I can buy a house for 25k.We just bought a DWMH with land for 6k from a motivated seller.Put that money to better use like purchasing a list of owners and doing some direct marketing.Drive for dollars in your town and look for distressed or vacant houses, MH's, Land and send the owner a letter.

The idea is to buy rental property in the name of the subsidiary/operating LLC.I was able to setup a business bank account for holding/parent LLC company, however when I tried to setup a bank account for the subsidiary/operating LLC company, it is asking for my information for the owner, SSN number etc.

My LLC owns 70% and the other owner’s LLC owns 30%  deeded as TIC.