I strongly recommend consulting an experienced LT attorney before taking any action with these residents.

My business partner and I have only worked with him a little but I like this guy a lot!

It can be tough to find good inventory for $15k, but you don't need to worry about UBIT, UDFI, or prohibited transactions if you partner with another investor who manages the investment. 

The rental market is very strong in that area.

Michael, welcome aboard.Your construction knowledge could prove valuable to an investor in your area that needs a contractor partner on a fix-and-flip. 

In the DC and surrounding M/V areas the deals are pretty strong, I see a lot of what's happening in Baltimore to be a different story since that market isn't as strong as the MD areas closer to DC.Where would you say the dividing line is in MD where property values will be affected the most in a downturn?

I'm ok when it comes to accounting... thinking I can get through it.Note: the LLC is 2 partners, 50% myself & 50% a canadian citizen.Any direction/suggestion welcome!

On of my partners in PDX ( we do deals together) I fund he finds them ... he has a partner in KC and they own 150 of these .. but his partner runs it.. does everything.. they tried to buy some in low end areas of memphis and got screwed over by management.. manager said their 8 homes were vacant .. they finally went over there and found all of them were rented and the manager was stealing the money LOL

Deanna, We are kinda big compared to most mom and pop investors, there are 4 owners in Colorado (Steve G, Steve W, Manny, and Me) and then we have a Partner/Project Manager in each of our markets.

Unlike Ronald, I strongly believe in paying for knowledge before even considering putting down any money to buy.