I'm looking to bring someone on part time to help with some of the rehab work and general property maintenance (mowing lawns, shoveling sidewalks, vacuuming common areas, etc).

AC, 10 properties is a good number of properties to already have rehabbed.....this is a great market to pick up properties extremely cheap and to hold onto them for the next several years.

The property can be held in each of your names (Tenants in Common), and after closing you can quit claim it to the LLC if you want.

Who pays for the common area repairs?

I'm extremely interested in using the IP part of the home seller assistance program, but I want to hear from someone first that it is legit.

It is extremely cumbersome to have a separate LLC for each property if you're going to own a bunch of them.Mike

Although is not too common for established communities, if you can talk your city into making this happen, you just reduced your exposure to street repairs, utility repairs and metering.Once you have done what you can to maximize the sales price you need to consider who your buyer is.

Your marketing costs are extremely low and your return is fast.Just my two cents worth.

I'm extremely aggrivated by a bonehead mistake and wanted to see if anyone has delt with this before.

Tipping point (sociology), a term in sociology referring to the moment when something previously unique becomes common.