Rather than pay a hefty lawyer fee i drove around on a Saturday to several of the larger and newer complexes and inquired about renting an apartment.

There are several factors to consider, but I think an LLC is often not worth the hassle and added cost. 

I have been lurking around the BP site for several months now without properly introducing myself. 

This house is asking $117k and has several comps in 50-60% ARV range, what do you think?

I used to like to have a lot of showings scheduled, but I quickly came to realize that tenant placement is more about quality rather than quantity.It all starts with my ad, within which are several questions I request be answered in their response to my ad.  

If yes, there are several good reasons to consider doing this:1.

I've seen it through several decades now. 

If that is the case @Rob Drum is your man, he is skilled in setting up owner financing deals and finding some amazing dealsI have done several myself and can share the forms if you like, I will warn you can only do 3 a year and not have to conform to Dodd-Frank guidelines.   

I am looking for a few creative strategies for using the rental to purchase several other  properties , so I am considering selling it and paying off the mortgage and starting again,  or refinancing it and using the equity for buying other properties,  but this would increase the amount owed on two mortgages.  

@Ethan Anderson Thanks for highlighting the key words several times.