They make a name for themselves as experts in their filed and then sell that image to unsuspecting fools who pay thousands for their products.

I have a friend who has used that product to buy an owner-occupied home, then used it to buy another when their circumstances changed, and rented out the old one..

First of all, most businesses would be quite content if they could sell a product that costs them $500 for $1000.

A tenant will appreciate the finished product far more than your efforts to get it there.

The clerk of court verifies proper notice and service, etc.

I learned so much about the vacation rental industry and also went from the position of weekend editor to the Manager of the Support Desk at VRBO (customer service via email) and eventually US Manager of Email Support at Homeaway, Inc, who bought VRBO in 2006.I really love the service & product offered by VRBO/Homeaway and use them to advertise my own vacation rental property in Dillon, CO.

It done properly, the banks appraisal should be around the same value.I would have to strongly disagree with Ed.

IMO, a BPO is not the proper value instrument in this type of situation (construction/rehab loan financing).

I'm one who (for now) won't bother going the llc route.Your purpose for getting an LLC is to protect you and for it to properly protect you you pretty much have to know all the dos and donts of operating under an LLC.

The person making money is the guru selling a product where there isn't a market!