Here’s a recent real world example. . .This deal was put together by my former student, current friend, and now successful real estate investor.Source: expired listingLocation: investor, Florida; property, IllinoisType: long term lease option via a sandwich leaseTerms between investor and homeowner:a) 48 monthsb) option to purchase price $135Kc) rent, $1200d) cash out of pocket, $0.

I'm originally from Maryland (close to DC) and currently live here but willing to move to be local to Norfolk/Hampton Roads if necessary.

Terms negotiable.Why Shaker Heights Short answer: Purchased under 70% ARV-Reno, Duplex (two rents), desirable clean neighborhood, decent schools.

I don't know which states you are referring to originally in your question, but you do not need to be from or in Texas to form an LLC in Texas.

These are sometimes called a "concierge service", so you can search using that term.  

You have to understand what is your strategy in the short, middle, and long term.

Was the original 5.5 mil appraisal way off?  

I was wondering if any real estate professionals like you can prove this to be a good move in terms of investing.

Look into loan choices, and check out rent money, lease terms, and insurance needs.  

Can I move security deposit into a brokerage account or should it stay in the original business account?