Then the bidding seems like they are playing playground rules or something.

You may under the reg D. rule changes you may target an accredited investor list begging Sept 23 IF...IF you follow the right process.You MAY legally mail out if you are using a generic introduction based on an informational type.

Feel free to ask any questions you have.First you need to examine the 50% rule.

I should add that i am dealing with the most unlikable Section 8 department of USA (I am absolutely sure about it : ) (4) I don't know there is a rule about that.

On my STR, I included the HOA rules and if the renter broke those rules, there was a fee.

Don't rule out self storage facilities, especially Florida.

Charles Anderson just curious, if I sold shares of a LLC wouldn't I have to worry about SEC rules etc?

Tim Norris is a BP member and is with them as well; he can answer any specific questions you may have (might have to be via PM to abide by the forum rules).

Have clear rules so we know what you will fund and minimise the unnecessary paperwork.

Now you should take the 70% of ARV rule = $101k minus your estimated rehab of $52,000 so its purchase price for me not more than $49k.It depends on the age of the propertie if you should use a 50% expenses rule or better a 60%, I take always 60% if older than 40 years.