(FSBO) If anybody is willing to walk me through the steps I'd appreciate it.

How easy is it for the appraiser to step in and appraise it for a higher value?

Also,$31,000 in Closing Costs seems Pretty Step. why so high?

That one step will separate you from 95% of the other investors out there.

Should we get an LLC setup before stepping into REI?

all you need to have is some money for marketing and thats it. so the steps would be like:1) go out and hunt for deals2) make a list of all the deals3) market urself or the deals (this is the part i dont get, if you market the house the buyers can just go directly to the house and skip you. or do you market yourself so buyers can come to you and ask for deals)4) once you have buyers, match their needs to the list of deals you collected5) buyers if they decided to get the house they will pay you (i dont get it here as well, will there be a contract between buyer and you that states he has to pay you ?)

I want it bad enough I am ready for a more aggressive approach but I do not want to step on toes.

Without operating statements you are left making an educated series of guesses to arrive at a number representing your risk in the purchase.With every single step you take in this always remember you are buying a failed business.

Let me take that a step further.

If you are going to use QuickBooks for rental property, here are steps to organize your bills and avoid late fees: 1.