You're not required to obtain an EIN. 

In my opinion, this clause is the least of your worries.While at least it looks like you are just starting your LLC and going to capitalize it with the properties, you really need to change everything over into its name/ownership (e.g. mortgage, Title Insurance, insurance, leases) to obtain the limited liability afforded by the entity.Good luck.

Go to the courts and obtain eviction records (Tired landlord) list.$10,000  - $20,000?

. - LEAD certificate/test for each unit. - If 3 units and more – Fire Alarm certification, yearly. - If 5 units and more – Private trash pickup contract.

Your offer to purchase should include a requirement that they provide all documentation and agree to sign an estoppel certificate (also called estoppel form or agreement).

HOA fee - If HOA fees are not paid, the business will incur fines, so it is necessary to make a profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over a few years as done for improvements.

I obtained a pre-approval through better mortgage and the rate seemed high closing costs were quite a bit for a 60k house.

Does anyone have any information on how to obtain loans with little to no cash down?

I know our county foreclosure auction requires 10% of purchase price within 24 hours and gives you 30 days to obtain a conventional loan, or something like that.

And yes, the reason for obtaining my license is to be able to look at and make offers on properties on my own.