TRANSFERING TITLE INTO AN LLC- Slight fear of the lender calling the note due although I've done this twice and have not had any issue - limited exposure to personal assets if sued by a tenant - can write off annual passive business losses because the home is now part of a corporation- would have to depreciate the asset which, again, helps with annual tax advantages but really stings when you go to sell after a long period of time.Thanks in advance for your helpJeff

A lot of investors get started as wholesalers, to learn the industry with minimum exposure and to earn a little money.

Other than the occasional slow down, it should be fine, and although it's good to be thinking about where we are in the cycle, you rarely lose when you buy for cash flow, and consider appreciation a bonus.

Hands on investments" may have an element of risk, but being involved with friends and neighbors yields greater rewards than just ROI.Prudent loss management decisions and using professional risk underwriters can lessen the reality of exposure to financial risk.I applaud your personal actions and encourage you to be "a different kind" of financial planner.  

If you happen to catch one and send it out of the park, that is a bonus and makes up for the easy fly outs.Oren

But if you do I will offer a 1% referral bonus to you. if you find a lender for $100,000 I will write you a check for $1000.

It's a duplex and they'll live on top so that's considered a bonus !!

BE CAREFUL:  a change in the name can be a taxable event (treated just like a sale) AND invoke the Due On Sale clause.If the purchase has yet to close, then have dad put you on the title in the first place.Guess dad has his own reasons for not wanting to be on title, but I'll not ask.After COE with your name already on title, THEN do the Quitclaim and neither of the above exposures should occure.

Zillow/Trulia will give you a pretty good exposure but can be pricey in the busy area.

I'm in the Las Vegas, Nevada area so any information from that area is a bonus!