You may feel safe as a law enforcement officer but you may also be liable if that individual decides to murder one of his neighbors.

I put together a custom google map that labels and grades the individual neighborhoods in the area (based off my own personal research and visit).

To your point about having money left for renovations, you can put as little as 5% down on a conventional, but how that's affected by the investment status is decided by the individual lender.Then you have "investment" loans, which will most likely all require around 20% down, ours requires at least 20% with excellent credit.

The statutes seem to indicate 60 days notice, but there would be no $$ to pay the rent as Soc Sec would terminate payments immediately. 

Account Closed By active I mean the individuals or companies actively searching out deals.

My intent is to set up an entity which will own the individual LLCs in which I'll purchase the properties.

Anyone with any experience with this company or the individual Rod Aycox

Assume an accredited investor and no securities law issues for simplicity.1) Homeowner pays for a legitimate appraisal.2) Homeowner grants the right to Investor to receive 10% of any appreciation above the appraised value when and if the house is sold.3) In exchange, Investor pays the homeowner an amount equal to 10% of the appraised value, with 20% down and the rest on an interest-only promissory note held by Homeowner.4) The note bears interest at Prime + 0% and does not have any origination fees or prepayment penalties.5) The investor gets credit for 10% of the eventual net proceeds from sale with the net being 10% of net sales proceeds less the remaining balance of the loan.6) If the investor defaults on the loan and fails to cure the default, the claim on the equity is forfeited.7) The homeowner remains fully responsible for costs of maintenance, insurance and taxes, but this is offset somewhat by the interest on the loan and the cash received upfront.8) Presumably if there is a gain beyond the homeowner's basis, there is no tax for now unless the proceeds exceed $250k for an individual or $500k for a couple.

For a general overview on finances, i would think there could be beneficial meetups in the area he can attend, like minded individuals will change thinking... which is critical! 

You will then report the information from the K-1 on your individual tax return.When you dispose of the partnership investment-the gain will be long-term if held for more than 1 year.If you have a loan agreement - you are lending money in exchange for interest.