On the first purchase we made, they took a lot of section 8 tenants to inflate the rents and we ultimately decided some of those tenants were destroying the property so we lowered the rent to attract the right tenants and once we had the bad ones out, we slowly moved the rents back up.

If the deal is solid, and you as a borrower meet the basic lender's qualifications, the process should be pretty quick and easy.Get the properties under contract, collect all of the information regarding the deal, pitch it to lenders, negotiate terms/rates if possible, and then send the package to title for closing.

Quick flip w $75k profit or keep $600 month positive CashFlow ?

My second event i went on Craigslist to find an ad came across an ad saying Become a real estate investor earn while you learn, thought i give it a shot this guy was telling me about Renatus and great mentors they had he invited me to a meeting in south jersey on a Thursday night to watch a guy name scott rowe who has made millions of dollars off real estate education, before i went i had to research what renatus was and who these people the guy was telling me about needless to say i was skeptical about rowe and this guy name brian meara they said he does shortsales and i ask the guy who invited me what shortsale was and he said the host will tell me, sounded like he didnt know what it was either, for the most part all he said was that this was an opportunity of a life time, wasn't sold on that either so i sat there for about an hour and 20 minutes listening to scott say he was from Chicago show me picture of  his community a pie chart how to get into renatus how to pay for very expensive education how to get the money blah blah blah caught in quick that this was an mlm meetup.

Unless you know Louisville, you don't know of all the great events happening all year round to attract folks from all over. 

, while I'm introducing myself I figured I would ask a quick question.

If they are professional, they can explain this quickly and easily.

I’m new to this at thought LLC is good for tax purposes.I’ve done a lot of home improvement and been writing checks with the LLC  account.I was just told that I should not have the rental payable to LLC since it’s my primary residence.Could some one give a quick crash course on top Do’s and Don’ts with LLC?

Find out how active they are and how quick that can close if you find the right deal.

I learned something from your comments that I hadn't seriously considered before:  The multi-year lease I think is GREAT for turnkeys AND for a newer investor who has a full-time job and a family to support may not have the time, energy, resources, or knowldedge to start from the ground up on with out-of-state real estate investment, I can totally see how turn-key can be super convenient and VERY attractive.