The fear of how cold it is prevents you from jumping but once you do you acclimate pretty quick! 

@Kevin Colwell ,The LLC won't matter, except to certainly prevent you from getting conventional 30yr fixed (which would be extremely difficult if not impossible anyway).

Lee, I would love to know what "terms" you included in your contracts to prevent underbidding (or price gouging).

In many areas I've looked rent to value ratios have not made sense and the "first look," policy has prevented me from bidding on the low priced ones that did make sense.To think you can find 20 financed properties through HP isnt impossible but much more difficult not that the inventory of HP properties has dwindled, atleast in areas I am looking at.

Risk ManagementTenant screening procedure, rent collection and preventative maintainence are parts of risk management.

Pressure-wash wood siding to prevent mold.?

If your PHA is any good, they'll prevent slumlording through the inspection process, and over the course of time, property values rise, more people invest, and eventually rents rise to above Section 8 levels.

Tending to any emergency/water issue is high on the priority list and needs quick intervention to prevent long term/expensive issues and fit in well around the scheduled turns and regular unit maintenance (can be done anywhere from quarterly to annually and announced 1+ weeks out - checking for leaks, fire alarms, extinguishers, health/safety issues, windows, cleanliness, undocumented pets, etc).A lot of this will depend on how many techs you have, how well the tenants are trained about telling you when issues arrive, and how often you inspect the units to get ahead of the issues before they become a huge headache.Justin

An LLC should help to prevent your personal assets from being used to satisfy a judgement against your investment property and can help differentiate your personal property from business property should the business ever dissolve.

Is there a way to ensure that the other person does not try to take future deals directly to your investors circumventing you in the process.Is there way to prevent this when you wholesale when virtual wholesaling in other markets.Karl