What auction sites are you referring to? 

@Steve FitzgeraldSoftware such as QBs make it easy to track income and expenses per property via classes. 

But you sign an Assignment of Agreement contract with the assignee (tenant/buyer) and the landlord/seller which states that the assignee assumes all rights, privileges and obligations under the lease and option contracts which are attached for reference, and that the landlord/seller accepts the assignee in place of assignor (you) and releases the assignor from all obligations under the attached agreements.It's very important to include that line and have the seller sign the Assignment, otherwise you are still liable to the obligations even though you've assigned the privileges away.You can't have your name removed from the contracts.

I reference the CPA since there are tax implications of an LLC (although pass through to the individual taxes) verses you as an individual tax payer.

The one you are referring to appears to be, and if so, congrats on taking action!

Try wholesaling first to come up with the funds if you don't have easy access to the 3.5% needed for the down payment.

It's referred to as "co-wholesaling."

Dems have made "income inequality" and "the 1%" their bad guys, and rent control is an easy way to pander to their base. 

The building requirements are ridiculous for new construction as well as re zones which is why I was referred to the mayors office.

@Kelly Iannone thanks for the reference!