Can someone explain how llc's work along with the pro's and con's of using these.

In the book he explains about wholesaling and rehabbing but it seems his main focus is options, retailing, and lease options.

How is that the lender says you can cash out refi at 70% LTV on a $120,000 house with an $11,206 balance due on the original loan, plus $1793.79 in fees equals a cash payout of $48,999.79.    The math doesn't work in ...

But that is why you have to build value to explain your offer. 

@Nancy Roth  i didn't hire a lawyer for several reasons, primarily that i didn't want yet another person i had to explain everything to involved.

And I want to know in which area should I focus in attaining my knowledge while in here so I know what I'm doing once I get back.As I mentioned, I'm pretty new to this.. and any form of help and advice would be greatly appreciated :)And also, if there are any active duty military members or vets that could help me by explaining what advantages I have as a member of the armed forces when in comes to real estate investing, would be greatly appreciated.Filip Vaco

While I have explained getting a PM company they would rather just sell.

It was a very personal letter that explained who I was and that I was looking to expand my portfolio and to please call me if they were looking to sell.  

Though there is little need to explain to you the benefit obtainable though BP.Well done on taming the student debt.

It will give you a good overview of how to analyze a property and how to go about doing your due diligence as well as explain some of the lending aspect.Speaking of the lending, you'll be looking at a commercial rather than a residential loan for a property like this (more than four units).