it's just very risky because you're gambling on that appraisal.another problem you'll run into is that it's very tough to get loans under 100k. 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

You can get great cap rates 20% plus in ghetto neighborhoods, and you can get crap cap rates 5ish in desirable neighborhoods where the property might eventually appreciate (investing for appreciation is gambling, don't do that)  So the first question you need to answer is what is you tenant pain in the *** tolerance? 

A sharp seller's agent will recognize these and know that they can be completely bogus, so there's a risk with those.Good luck!

Generally, they'll recognize 50% (some banks may recognize more) of the rent and 100% of SOME of the expenses in determining your borrowing ability. 

We have spoken with state senators about this, and they recognize and acknowledge the problems, but I don't see any movement.

This is meant as a series of questions to you, as in:1 - What are you looking for,2 - How fast are you anticipating being an expert,3 - Are you willing to accumulate info, and build knowledge,4 - Will you recognize "it" when you get there?

See the cell phone companies have caught on to text message blasts and have written impressive algorithms that can recognize if you're blasting or not.

@Victoria Cashin You can only set up the Series LLC in a state that allows the in-state formation of Series LLCs, even though all states recognize a Series LLC.

@Nwakaego OnikeAs a contractor, As soon as he recognized additional work outside the original contract was needed he should have stopped all work and communicate with you.