I appreciate you pointing out the need to run the numbers in what would essentially be the worst case scenario (long term rental agreement).

Considering you're pre-approved for 2-4 units in NH, reaching out to lenders in your target markets and understanding the financing landscape is essential.

Essentially leaching off of your work without adding any value.

I also hold a full time job in Corporate America for the past 12 years, which consumes most of my time, although I do have an exit strategy in place...hopefully very soon.My goal essentially is to network and absorb some of the tremendous knowledge that is shared within this blog.

The human element does exist, and that can be particularly meaningful to people such as yourself.Good luck!

One that I work with in my land business requires me to essentially form a new LLC per each property. 

It's a quick read but it contains the essential concepts for analyzing deals and the people you're dealing with.

hello my name is mike Iam a novice at real estate investing however I want to obtain this property but need funding to rehab and get the taxes paid up the story is as follows, I found a very run down property in my neighborhood the owner owns the property with no mortgage, however he is in jail and owes approximately 55,000 in back taxes the property has been abandon since 2007 and left to the elements the owner only wants 10,000 for the property after its sold and rehabbed, I have terrible credit and no money to put into this home only what the property is worth and at this point with it being so rundown I don't know what that would be, hehe's willing to quit claim it to me for nothing at this point, until its rehabilitated like i stated before but I only have till July 17 to pay the 2009 taxes that were sold or the whole deal goes away I have been wrecking my brain on how to get this done with nothing but my ambition however I've come short of creative ways to do this I want the property as an investment and wholesaling it doesn't seem to be viable because the taxes are so delinquent can someome please help me

Chicago's north side has been booming for many years, and numerous neighborhoods have rapidly appreciated and essentially been rebuilt.  

I was thinking that I could put up the money on the home and just collect a "mortgage" payment from him.This seems very risky to me because he essentially has no skin in the game, besides having a place that he and his family can live for $350 per month.