Hi I'm considering a move to Houston for work and plan to remain active in investing.

And then put all of the remaining cash into the other one so there is a lower loan. 

The mortgate remains in my name solely yet I am not a member of the LLC so I do not technically have ownership of the  home.

Then take the remaining cash to buy your next unit.

If he/she gets promoted or saves up enough cash to pay the remaining balance (this almost NEVER happens by the way) then you make a substantial amount of money because due to serious demand issues, you can sell these homes for much more than they are worth.E.

You need to be able to positively determine all liens against the property and which ones will remain attached if you purchase the property at trustee's sale.

Once they do that, how about asking the seller to carry a note for the remaining $25K?

Have the seller take the remaining amount as a note in 2nd position and make sure the total monthly payments on the 1st and 2nd do not exceed your cash flow.

Scenario A - both fees collected (double dip)$500 Leasing Fee + $100 PM Fee = $600 PM fees 1st MonthScenario B - both fees collected (but prorated PM Fee)$500 Leasing Fee + (10% of the remaining rent not applied to Leasing fee - or $50) = $550 total PM Fees 1st MonthScenario C - only the leasing fee applied 1st month$500 Leasing + $0 PM Fee = $500Scenario D ???

For example, many of our clients buy portfolios of several properties (say 5-10), pay minimums on all the loans, but devote their remaining cash flow to paying of one loan at a time.