I will have to look into going to the foreclosure auction, thank you Marcus.depending on area investors kind of shoot for that 1% rule so that would put market value with 950 rent at 95 or so minus repairs.. at least what I have seen in parts of FLA maybe that area landlords will pay more.

I hear that 25% is pretty common.

I am forming a team/business partner to start on real estate investing, and I want to ask if we need to get some kind of formal business licence such as an LLC...or we can just do it in personal/individual level? 

If you are actually buying the property, a 5 or 10% deposit is fairly common practice. 

its kind of nice to see things leveling off .. so you just need to back into your deals at todays prices.. 

Any common work arounds to get all offers submitted to seller?

Have you ever gotten a hardship variance in this kind of situation?

What kind of financing are you planning?  

I voted no because our purpose is the upkeep and maintenance of our common properties.

So I guess I’m just wondering if anyone out there has every done this kind of renting and what are the ups and downs to it and also do you ya e any tips for me.