@Chris Seveney, So you have a different LLC for each state do you have them as their own separate entity with their own bank accounts and everything or do you have them owned by a trust or an S corp?

I've learned a lot already, and feel like I'm about to the point where I need to just get started, go for it, and trust I will fill in the cracks along the way.My question to you is:What's all the information that you, as a potential private lender, would like to see from someone seeking capital?  

Also keep in mind that a good GC has a connection of sub contractors that they trust, so it saves you time getting multiple bids for everything and hoping you picked the right ones.

If he rents her house does all money (approx 1500.00 month)have to go into a trust to protect it so she can still qualify for Medicaid?

Also 7-8% is realistic in most markets (from what I hear) What I took from Bjorn here is to fix your own variables, good call not to trust whats given!

@Colin L. is there a deed of trust officially recorded against the property in county records?

@Lee Ali @Holly Ferguson, I work in Bartlesville and will get a list of trust worthy contractors if you are still interested. 

He’s been earning on it for 10 years and maybe he thinks he still can, but there was already a serious water damage issue due to the property sitting 10 feet below street level and water building up every time it rains.

As a real estate investor myself, as well as being an agent I can’t seem to get this question out of my head “How can I provide my investors with the level of service I would want my agent to provide me?” 

He takes the lowest possible rent from the past 5 years and uses that on top of his trusted contractors and inspectors opinions on how much repairs and maintenance will be.