On top of that, this town is just starting to reach critical mass, in my opinion.

Its pretty tough to rework a situation where you have a fixed debt combined with limited rents.

I look forward to contributing to the forums with my limited experience.I went to the REDC auction in Sacramento over the weekend and we bid on a few of the properties in Contra Costa.

:welcome: to BP.To address your questions a bit.Having direct MLS access is helpful but not all that critical.

That should give you something like $30-45K in profit.That ARV is critical.

Being in northern NJ (where a garage is 200k) and first timer with limited funds is incredibly discouraging.

Do you mean is there a time limit?

Hey all,just found this forum.super excited to get some advice.i'm looking to get in to REI with some lower-cost (<$150k) rentals.I have limited capital and am looking for advice on leveraging.Glad to see you all here, and eager to share,hope to have some good success stories to share soon.hoping over to one of the other subforums to start asking away.THANKS FOR THIS,whomever is the wizard behind the curtain.;)

If the LLC is sued the risk is limited to the assets owned by the LLC.

The bank often doesn't know much history, so seller disclosures can be limited or non-existent.