Are numbers actual or pro forma?

Stress the fact that you're looking to move on a property NOW.An agent looking to form a long term relationship will plan on getting a buyer's commission on your first purchase and then the larger seller's commission when you sell.Start with the BP search for contacts for the zip code(s) you'd like to search.

The main house 2/1 and 1/1 under the same roof could be joined to form a 3/2 again and sold or turned into a vacation rental.

(Numbers are monthly, pro-forma):Income statement: $1200 rent, roughly $600 in expenses/reserves, $310 debt serviceunrestricted cash flow: about $290 depreciation: $80 (assuming land is 11.5% of valuation) taxable income: (1140-480-203-80) $377The LLC bottom line: acquisition provides a positive cash flow property, $30,000 theoretical equity via member sweat equity, investment of ~$0 net after 'full turn'.What does the long term lender see?

Our accountant actually told us to form a LP (limited partnership) to purchase property.

Property pro forma attached.Out of state investor.

An earnest money deposit may not be required in your state to form a legally binding contract.

It's most likely in investments of some form, as that's where my true passion is.

Don't get sucked into the liability scare asset protection as the primary reason to form a company, it is part of the big picture but there are greater issues to consider.

I'd love to find others in my area to form a mastermind group or to simply network.