Let's address your questions:Question #1: Setting up an LLC for your real estate rental business is a prudent step for liability protection and organization.

I am a first time real estate investor looking the following property : https://www.redfin.com/OR/Forest-Grove/2418-Cedar-Cir-97116/...its a pretty large duplex in Forest Grove OR,  the trick is though, its on a lot zoned for a 4 plex so I am lookinginto house hacking, converting into a triplex, then living in one unit while renting out the remaining two unitsThe left garage has been converted to living space, with a living room, half bath, a laundry room with a sink and some counters/cupboards and a bedroom, it is a part of what was an existing 3bd unitIf I were to acquire the asset, I would first attempt to convert that space into its own unit The line items as I see (be in mind, I am totally new to this) would be to >put up dry wall where the door to the rest of the house is,>add a shower to the half bathroom >install a water heater in the adjacent 3bd unit> install a kitchen in the laundry room, (stove , oven , sink, counter space)>add a shower to the half bath Assuming I can convert it to a 3plex, I could at-least cash flow on my investment after I leave My plan would be to put minimum down payment of 3.5% (FHA loan) that way I can have a decent amount of capital free to do the renovationsThe only concern is when I crunch the numbers to get my ROI, I have no idea how much its going to cost to convert the additional living space to a third unitAny experienced investors here know how I can estimate this before I try to make an offer?

What terms are they offering?

In her last messege to me she asked me what I would offer for it.

They go through the process to register their future offering but do not go into the market until the timing is right.For the most part (broad sweeping statement coming...)Anyone who would spend time on BP is not going to be someone who has the connections to buy, sell or otherwise facilitate the sale of MTNs.

. - The weekly calls are consistent and offer great support to getting deals locked up.

And I appreciate your offer to refer me to title companies that will work with a seller of a property bought at a tax-deed auction.

If you notice, you will discover that the price we are offering is far below standard price, this is enough reason for you to know that we are not after the rental fee but the absolute care for the property.

This program offers funding up to 400K with a 660 Fico, and at least 27K in yearly W-2 income.No down payment, no Collateral, no proof of funds, no closing costs.

My purpose for the HELOC is to get into a property without having a home sale contingency to increase my odds of the offer getting accepted.