He won’t even have to provide a Private Placement Memorandum although it’s highly encouraged for added protection.

I usually encourage people to at least have an attorney draw up their first LLC so they understand the language and can be taught how to keep it compliant.2.

I'd encourage you to follow Dave Ramsey's radio show/podcast, his FB group and to read his Total Money Makeover. 

I’d encourage trying to find something where the repair budget would be $30k-$35k for your first job and stick to things that anyone can do and doesn’t require licenses like kitchen, floors, and baths.

I would really encourage you to try find a local mastermind group around you to try and attach yourself to another investor who can mentor you through the initial stages.

That's why I encourage people to go to these live event people hold, get around people doing more than you, see that it's possible for them so why not you. 

Thank you Mitch for your encouraging words.

I post this as more of an encouragement to anyone who is meeting the resistance and is up against the wall, you are not alone. 

I'd encourage you to at least attempt a negotiation.

This would mean less forced appreciation, and an assessment value closer to the ARV than when you do a BRRRR on an older house.But to me, this delta based on real estate taxes, multiplied across multiple properties, seems meaningful.