@Ryan EllisI'm curious to know where you learned thisWholesaling lease options or lease option assignments should be done on an option release system First step is you enter into a lease an option with the seller with a letter of intent to sell your interest in the paperwork (or if an agent enter into a listing agreement for lease option)Instead of assigning the deal, you have the tenant buyer place 3% of value of the property in escrow made payable to a title co.You have the seller and the tenant buyer sign off that it's agreed that the 3% is a option release paid to youA new lease and option is created between the seller and tenant buyer (with no large option consideration)You could discount the house value by 3%Use a collection co to take rent and pay underlying note and mortgageHave tenant buyer go to bank and save 3% for downpaymentI would be licensed in FL as you are brokering.

I'd like to create a series LLC with my wife, who's an architect.  

My vision is to slowly build a large portfolio, mostly using a buy and hold strategy, to create passive income for myself and future family. 

IF the occupant is financially strong, you use an LMLO,  the price is market and DTI works out and you do a good job of creating a fat folder.  

The DBA is the business name, but YOU are the sole proprietor and file under your Personal SSN.Look at the DBA filing - - there is no SSN or TIN as it is also known.If you want to file under something other than your SSN, the create an LLC or S-Corp - - seek legal assistance to do so and to understand the tax implications.

Right now, I stay at home with my 4 young kids and I'm looking to create a job for myself through real estate investing.  

I pulled a list from my county of all code violations from the past year and had them all scrubbed by a freelancer who created a spread sheet with all of the homeowners info to mail to.

I have gained a ton of information from this sub and want to thank everybody for creating such a great resource of information.

Creating not just a long term rental but managing a vacation rental is something that many people choose to do with homes and condos alike.

Good day,my fellow Michigan investors I hope to create as much value to fellow investors as possible.We can network with each other to create value in each others lifes and undestand market trends as well as changes.