I wouldn't consider myself an expert, but I do know the layout and general feel of the area.

Agree to contract in 18 months at the appraised value, when you do that, arbitration in the event of disagreements should be agreed to, such can be the average of two appraisals for example.I suggest, since you are a broker, you need to see your attorney to ensure this is a properly drawn agreement as you have more to lose and you'll be seen as the expert in the room if things go south.

@Ryan Watson As I understand it, and I am no expert neither an accountant, all income produced would have to go into your IRA.

You want expert help before jumping in, even if you see the property first!

I am in no way an expert on rental insurance, but from talking with other landlords, you generally want at least $1 million in liability (more is better).

FayeGo to IREM.org search for ARM certified property managers.

BP Experts,    I have a question about buying non-performing first notes.

this is only after giving you notice via certified mail and after waiting 14 days for a repair to take place.  

I could handle most of it myself, but I am not a tax expert (a very specialized area of practice) and understand my limitations.A long about way to answer your question, but as I said in 2. above: "no", you don't need an attorney if all you want is to create an LLC.  

He is a Florida Licensed Home Inspector, bonded, insured, an ASHI Certified Inspector, as well as being certified through InterNACHI and AHIT...Does that sound like a normal inspection fee for Sarasota, Florida?