Turn your attention to building up a rental business and, yes, I think you could get there.I don't think you get there in 3-5 years in a straightforward way.

Be straight forward and honest and let them know you are doing research on what to expect and ask their advice on pitfalls to avoid getting started.Any other time spent worrying about market share is wasted energy in my opinion.

I do tax liens and different states/counties have different rules, the more info you give the more we can help.

As I plan to move into land/home packages and SFR this becomes more important.I would like this thread to detail how someone might go from where I am to offering financing like any other established financing company.The only rule as we create this list is the reply to get a lawyer doesn't cut it.

Is there any rules against not having the existing owners stay and lease the unit after you purchase from them?

It could be that something they invested in is under investigation or maybe the hedge fund itself violated some SEC rules when it comes to soliciting investors.

I do not have a single member LLC so I can't comment on the rulings for disregarded entities (like a SM LLC).

However, and this is really for the newbies out there, your margins were dangerously thin.The rule of thumb, and this is for your protection, is to buy at no more than 65% of the ARV minus the repairs.

I would suggest brushing up on future and present value calculations as you start making offers, only because it will help you identify what your offer is in relation to what a cash offer would be.Couple rules of thumb I follow.#1.)

We set the ground rules from day 1.From a investor stanpoint, having good PM software is a must.