We were able to negotiate some discounts for some damage to the siding they were not aware of and also underground storage tank decommissioning which had not been accounted for in their initial walk through.

We didn't win the initial offer.

I fail initial inspection maybe 25% of the time, but it's usually because I overlooked something.

Or, I’d look at properties (yes, multiple in the right market) to buy with cash but knowing I can pull that cash out later if I wanted to and begin recycling the capital over and over, while still having the safety of acclamation to the initial investment.

☝🏻Don’t get too worried about their initial statements of what you can’t do until you have you’re attorney review the ordinance documents and talk with their attorney.

I'm not anticipating making a great return initially, but it's a starting point and will help reduce my personal housing expense and give me experience at the same time.

I second what the others have stated - not much need for an attorney on your initial/first LLC.

Do you have interested prospects file out your complete application at the beginning or a shorter questionnaire for initial qualification?

But, the initial investment money is not taxed at that time right?

Obviously a large initial cost in the beginning.