I was wondering how you have filled your W9 if you have a single member LLC (which is considered a disregarded entity) and ensure payments go to your LLC and not your personal name? 

Keep in mind that these preforeclosures are being hit up by everyone and their grandmother, so building trust and rapport is vital. 

What’s your recommendation in finding an out of state property manager you can trust when you don’t know other investors in the area who could recommend someone they are using?

The buyers can't afford the down payment, they can't afford an extra $2K...I'm going to guess the deal will fall through due to the buyers not being able to get financing. 

so yep, don't trust that.  

Setting clear investment criteria, such as the types of properties you're interested in, where you want to invest, your budget, expected returns, and how much risk you're willing to take on, is key.In order to be financially prepared, it's important to save for a down payment, establish an emergency fund, work on boosting your credit score, and look into different financing options.

Thanks for not calling me dumb.Here's what I'm looking at: Taxes: 7000 High Bid Premium: Cash Value: $100,600.00 40% Cash value ($100,600 x .40) $40,240.00 Bid: $50,000.00 Less 40% Cash Value: $40,240.00 Total: $9,760.00 20% Premium ($9,760 x .20): $1,952.00 Total Payment: 8952

Here are a couple strategies to increase the cashflow to maybe cover the whole payment:1.

FHA means I would have to live there 2 years and HML payments are higher than I can afford.

Writing that check for the down payment was absolutely frightening at the time.