Purchase price: $205,000 Cash invested: $175,000 This was quite the rare deal in the South Philly neighborhood of Point Breeze, located a few blocks south of Washington Ave and 22nd St this corner property while only having a lot size of 16x64 was 2000 sqft!

I wouldn't be so broad with your criteria. if I was looking in Texas it would be Dallas, Houston, Austin. top 3 markets. in florida we do miami, in ohio we do columbus. those are the #1 net migration cities and we focus in the urban core where migrations tend to be for younger population who have the purchasing power to rent or buy. 

We spoke with a lawyer who advised forming an LLC to purchase the home to protect our personal assets.

Ryan,From an insurance perspective:1, discuss the claim scenario (Tenant vandalizes the unit) with your agent and see how, potentially, your policy would respond2. require that your Tenants purchase Renters Insurance and have you named on the policy so you receive notice of cancellation. 

The procedure, timetable, and any legal or regulatory requirements should all be understood when performing due diligence for a purchase.

I would, personally, let him exhaust all his funds on the purchase and then you come up with a loan that finishes off the acquisition financing and then holds the rehab funds in escrow in an account you and your brother sign off on for withdraws.I do not think I'd put a lean on the property. 

We are 4 younger guys recently out of college looking at forming an LLC to purchase our first investment property.

I'm a Navy Veteran and would like to use my VA loan to make my first home purchase sometime next year.

 Do you recommend I buy a house in my government name and then transfer the title to my business or just buy in my business name from the jump ? Thanks for your help !

I'm looking to purchase a single-family home in the $500k-$600k range with a long-term hold strategy.