Almost, as important if you hit the lottery and get the home itself for what is probably a small sum having the other lien will hugely complicate your life.I certainly agree about using an outside company that was my point.

This is where I set up my international Corporation.I do not mean to make RE complicated, it's worth the trouble

You're missing out if you don't volunteer with local housing groups, big resources there, and you'll give back in the most important way.My management company has saved my *** more than once, they're my best resourceMy go-to technique is to get quotes from the four most expensive and reputable companies I can afford, hire the best quote that my gut agrees with, and if they do good work build a relationship and treat them like gold.You'll also find that the guy that actually shows up to do the work, if he's not the owner, can be coaxed into doing "side work".

And the cost of renovating with the additional Boston complications can turn your cash reserves into smoke. 

It's not really that complicated. 

Rents are almost never high enough on a $300,000 home to cash flow no matter where you live.The down payments on a $300,000 property are going to be at least $60,000 unless you use a technique to buy with less money down.

But, if we made the deal too complicated, my daughter would not feel like she can go out there and do these deals all by herself.So sometimes it’s better to give up a little profit to help a young person gain a lot of confidence.

Dylan,A lot of these questions really can only be answered by yourself understanding the pros/cons of LLCs and what you intend to do, and how complicated you want your structures to be.Your 1st question is a bit more straightforward.  

Further, the talk of strategy itself over complicates the collection process.

One of the strategies I plan on employing is the gorilla marketing technique of cold calling classified seller ads.I am new at this, I'm not afraid of making mistakes I am aware you can learn a great deal from them.