My guess is that business pays you and you then pay the principal and interest on your line of credit.LLC will cut the check to you and mark it against Interest Exp.This will look like this on your LLC's books:Debit Interest ExpenseCredit CashAs for everything, have a promissory note to make it official.

I don't want to rely on the tenants so we would be integrating that into the on site maintenance program (it's a 166 unit with two on site staff maintenance techs so we could do that easily). 

This means with one click, your listing page is sent to many different property listing sites (i.e.

Any tips on how to close this deal ?

(The HOA is the main turn off)I currently have a small window of free time daily between hours on site and the commute.

The extra cash flow might offset the need to have a staff on site or the amenties they provide.  

For the time being I will be able to easily cover that cost.I have no intention of getting into a new property anytime soon and any other investment vehicle, stock market, will probably not yield over 4% since it seems we are hitting a tipping point.

I am new to the site.

6- any other tips are welcome!

I've been on this site for over a year now, attending webinars, reading daily blogs, and scouring the forums.