Next, the bigger question is: Is that LLC already set up?

We used to have in-house inspectors but it was hard to scale and with our heavies season being that of summer months, at 1000+ units we weren't able to hire enough inspectors for the last day of month move outs and first day of month move ins and then still keep them fully-employed in our slower season in fall/winter.

if the building cashflows really well ... it wouldn't be a big deal to use a loan for dp right...at 10% down for lower income housing I don't have much money and I think that this is the best way to get multi-family management experience to meet hud loan requirements in the future which Have the lowest Down payment options.Am I overthinking it?

We got a shaman to come in and it turned out there were 4 ghosts including the previous owner who had passed away there and the original owner of the house who had died there during child birth.

(So yes, you may win the auction for $12,000 owed to the HOA -but now the first mortgager will come after YOU if their primary mortgage isn't paid... and you can be sure the original owner isn't going to continue to pay that if they are out of the house). 

You now know your cash flow and what you can take out.Investors' problems sometimes include not budgeting correctly for repairs and maintenance and not factoring in a set amount that they will be contributing to their reserve account for CapEx (if you have CapEx repairs coming up sooner than later, put away more money into reserves now).To summarize, factor in all expenses and your monthly deposit into your reserve account before calculating your monthly cash flow.

As a result, in a public search, the governor name would be me.If I set up a Wyoming LLC and modify the Operating agreement to have my WA LLC to be 100% owned by my Wyoming LLC, I assume I would still have to list a natural person as the governor of the WA LLC, and my name would still show up there.

They were both off by a large amount.So, can you tell me what a house will sell for 6 months from now when you finish the rehab and put the house on the market? 

Thanks,AniMotion sensor lights, security cameras, security doors, put ADT sign in the front of the house - will get rid of a lot of homeless and any weird people lurking around!

Do one, then worry about how to set it up.