Hey Juan....welcome to the game.1.

The long and short of it is, you don't need to use your money although having some "skin in the game" helps.

I'm turning over the leg work to my renter as this is his finances and I'm just responsible for the end game.

Fresh into the game of REI.

Just take their word for anything that might be wrong with the property.To be a little less abrasive, look at it as a simple numbers game, is it worth the $400 to have someone who is working as an agent for you to inspect a $100K Home?

But then you go to the auction and well then the local players are there and you get out bid.. or you end up getting caught up in it and bid to much either way its a numbers game.... very hard to just pluck one at trustee sale very hard.

Even if your car appreciated, you could still run this analysis and find that the cash flow opportunity cost I wrote this up as a sort of mental exercise, to be aware that while buying things with cash might be simpler, it's not always so straightforward as to be the "best" route for making a large purchase.Account Closed - Did you end up immediately investing the money you saved up front by financing instead of paying cash?

THEN, the credit background check came back--Evictions, bankruptcies, lawsuits --she swore it was her Sister who" STOLE her identity". she was a professional scammer, --they know the game and play it very well--

We don't do million dollar specs here, LOL, that would be a rough game. :) 

In addition there are insurance issues as these are considered business's and I have found that I need to carry a separate Liability policy on each property.My thinking is that it might be simpler to remove the properties from the LLC and carry one large umbrella policy for liability.