You will probably just need to make the initial contact because they will probably be able to direct you to other investors since it's such a small community I'm betting most investors there would know the rest by first name.

Same with using property managers versus landlording.

:Main residenceSales Price $122,000Exit $11,000Payment toward principal ~$91,000Loan Balance ~$106,000 (80% of initial appraised value of rehab property)Cash for next purchase~$20,000This scenario creates a positive equity position of $54,000...if the after repair value of the rehab is indeed $160,000 (versus the initial appraisal of $132,000).

Congrats Brianna, I bet that is one of the best feeling in the world, not having a boss anymore.

I bet the builder choose the inspector, and if they did it would raise a red flag.

Also, I'm willing to bet if it's a ridiculously good deal (if you even suspect so), you could come back here and toss the details into the "Real Estate Deal Analysis & Advice" forum here and see what people think.

The subject of ARM versus fixed is a good thing to discuss. 5 years from now is basically guaranteed (>99.9%) chance to be a better financial time for me than now.

That might not be true 100% of the time, but I bet it is true 70% of the time.

I bet there's gonna be a lot of learning going on, but have fun with it too! 

If I do form an LLC,is there any advantage to using the name of the LLC as the registered agent (option A) versus using my legal name (option b)?