Their literature says that after they have rented out the portfolio that I would be in they are going to refinance the properties and return the proceeds to the investors.

The purpose of an LLC is to protect you and all your personal assets outside of the LLC in the event of an unfavorable monetary judgement against the LLC.I agree with the other posters that setting up an LLC can be simple and inexpensive.But would I be willing to "bet the farm" on my ability to do everything required exactly right to remain out of reach of litigious hyenas?

I need someone to help me refine my ideas into practice.2.

If you need to turn your property quickly, you probably shouldn't to go in for over 50%ARV.If you don’t already have one find a mortgage broker who is familiar with all the grants and down payment assistance plans in your area, can do refinances with no seasoning, and has a very aggressive credit improvement plan.

They were speculators betting the price of housing would continue to appreciate, and they would make money when they sold.

You bet, Josh.

Your best bet once you have the traffic and the stats to back it up is to find direct advertising from companies in that niche.

You can bet the feds won't keep anything they buy like this.

I'll bet his opinion changes when it's his money on the line.

That's your security.If I am lending someone money for a property, you bet there's a deed of trust.