Tom,You are missing a point here.The object is to have only ONE loan.The LLC gets the loan, and the LLC is tehn sold to the new buyer.Larry,That is another very similar alternative as well.

I'm a self-employed web developer, so I can go anywhere in the country in search of deals.

Compensating for this somewhat is the fact that I'm a self-employed web developer, so I can do my work from anywhere.

Most assessed at 2007 prices are sky high.

I am still in the process of waiting to close on our first house - got it for $12k - needs about $12k in work.Now we found another house that's in an awesome location - 3 blocks from the best elementary school in town (population 28,000), Assessed at $49k they want $30,900 DOM 4 days.

Just barely breaking even if the unit is filled every month, there's never any assessment by the HOA and never any work needed on the place.

Is there something else like assessment info that might be helpful to you when determining if you want to purchase a property?

I believe it will be packed with the local McCain voters seeking mouse entertainment as a form of self medication to deal with the reality that we're going to be socialists for the next 8 years.

Most of the income will be used for the complex its self.

(it was inherited and the guys too lazy to drive 2 hours to deal with it) The PVA assessed the house at 115k prior to my inquiry.