But while I was there, I met an individual who brought the property to my attention.

Hi Jeff,In the scenario you laid out above, could someone start an LLC to obtain the HML but then be a rent-paying tenant as an individual in the property, essentially paying rent to your LLC or does that violate the Dodd-Frank regulation?

We are looking for like minded individuals to help us on our journey!  

As the new owner, you would need to operate according to the terms of the existing rental agreement (written or verbal) until you enter into a new rental agreement with the tenant.In the absence of a written rental agreement, you will need to proceed with caution.

They lost during the crash and are fearful of entering the market again2.

As a licensed individual, if you start buying properties too far under their true value...you run the risk of sellers complaining to the real estate commission that you may have taken advantage of them.

You can repair individual tiles by cutting them out with an oscillating tool.

Me and my wife are young and eager individuals and want to learn a lot more about the Real Estate Industry in flipping houses from experienced professionals to beginners.

.; They entered into the debt knowing they would not be able to afford it and ultimately file for bankruptcy.

:)I'm entering this with zero experience so I would definitely appreciate any recs for must-read threads or blog posts for multi-family buy and hold strategies, especially for people living in expensive markets.