LLCs also allow for a dynamic change to the operating agreement between the members of the LLC and also they can spell out the responsibilities of each member.

They can do this because they only operate in markets where a pile of rubble will sell in a couple of days for over asking price.

Hi all,I operate mostly in Texas which is very hot and terms seem to be very seller friendly (quick diligence periods, hard earnest money deposits, etc).

Online banks or banks that operate in both states will probably be your best bet.

Other ways of finding motivated sellers are driving for dollars if you have the time or more costly things like building a webpage and doing Google AdWords, FaceBook Ads and SEO to generate traffic to your website.

As I've mentioned in a prior post, I've become unemployed in my industry of 17 years (banking - mostly in marketing analytics, market strategy and operations strategy - analyzing where to place new and close offices, etc based on market potential), and am considering a career change to maximize my future.

Call your attorney/title company and have them explain the process to you since they could operate a bit differently.P.S.: My only advice is always be honest and up-front with all parties and always try to create winning scenarios for everyone as that gets you repeat business and a good reputation.

This is in an older part of town where rent is not very high, but I think I can bump it up to $550 for each unit.Rental Property Cash Flow Analysis[Property Description]Monthly Operating IncomeScenario AScenario BNumber of Units7 Average Monthly Rent per Unit495.00 Total Rental Income3,465.00 % Vacancy and Credit Losses5.00%Total Vacancy Loss173.25 Other Monthly Income (laundry, vending, parking, etc.)

Direct mail and facebook ads are two that I have used in the past to generate leads.

I always operate with compassion - and it comes back to me 10x when I least expect it!