However, as kenvest said, you would need to be able to accurately diagnose potential problems that you see, so therefore getting a professional inspection would be ideal.

sending Tony Soprano in would be ideal to say the least :-)

Assuming the individual completed an application at some point, be sure to keep it!

Ideally, you would have already been an ED (executive director) at an agency before you try to create one of your own.

An investor’s ideal seller is one that “Needs” to sell, not “Wants” to sell.

The following statement is from a weekly email that I get: "Credit contraction almost prohibits inflation, the real worry that keeps Ben up at night is DEFLATION which will certainly occur if banks are not recapitalized quickly and then find individuals and corporations that wish to borrow.

The commercial banks that approved wanted to move the loans out of the LLC and put the loans in the individuals names.

FYI - Just called 'Jason' at www.bloodhoundllc.com and he found the individual I was looking for, in another state, and even had his cell number.

If the LLC takes out the loan in an arms length transaction, then you have more protection against the creditors and individuals involved in the liability in that situation limited to those assets in the LLC.

I understand that the 50% rule of thumb is based on surveys in which individual expenses for rentals add up to 45-50% in the aggregate of which taxes are around 10% of gross rents.