If I don’t get good applicants ( credit/income) by day 7 on market= price drop. 

My long-term goal is to replace my income with passive income to not have rely on my day job.

I work full time in a welding shop to have proof of income, so I'd be able to get my fha loan.

Hi I'm new to this and looking to start my journey towards financial freedom, I'm looking into purchasing a multi family rental unit to start earning passive income.

If so, the LLC could be a good route to go to separate the expenses and income from yourself, and treat it as a separate business.2.

I'm hoping to find about 15-20 single-family cashflow deals over the next few years to replace my current income and bridge to retirement within 5 years.

My goal is to build a portfolio that provides as much income as possible within the next 5 years, so I am thinking STR. 

I looked further out of CA but the lower property taxes, no income tax, and landlord-friendly benefits of Nevada sealed the deal.

Properties sold to Fundamental Partners for about 12% below foreclosure value.I wonder if 12% will be enough to weather the storm.I believe these are Fed Low Income Rent controlled, I wonder how much longer that will last (with no ability to raise the rents).There looks to be quite a bit of Physical Damage to some of the brick walls, and the Trash from the pics looks to be piling up to the clouds (Citation Level).I wonder what the occupancy level is, as there seems to be lot of mailbox doors swinging in the wind.Were these guys hand picked by the forecloser to take this over, or did it go to open bid with another lender underwriting a new loan?

This is one of the best strategies and most creative for creating income from nothing (well not nothing, but from something that was not there before in its original form).