First, NJ auctions at sheriff's sale are:1. cash only, 20 percent down at the time of auction2. as-is3. no inspections, no viewings (unless you seek out the homeowner in advance and get access on your own, which is rare)4. you are responsible for all liens.

Forget headaches from a financial point of view what do you think would be smarter?

If you're only getting advice from person you're missing out on different points of view.

Beautiful views, rentable space, large.

If your LLC is a single member LLC treated as a disregarded entity, then it really makes no difference whether the tenant makes their rent payment to you personally or to the LLC, however, your attorney may have a dissenting view. 

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I've attached a pic to this email of the house so you can view....  

Listening to Clayton Morris' podcasts after finding his company Morris Invest on Facebook and having viewed a lot of his videos on YouTube is what motivated me join and look into real estate investing further.That being said, the biggest obstacle I face is not having the cash on hand to do my first deal, and not having any private money connections as of yet.Also, from what I've read of Morris Invest here on BP, there seems to be not enough people with experience dealing with this company, or when I do read of people that have had experiences with Morris Invest, the reviews are mixed at best.Being brand new to all of this however, it seems going the turnkey route seems less complicated in the beginning than trying to reinvent the wheel and do everything myself, but that's just my opinion.Learning to analyze deals and the underlying math involved and understanding the terminology is going to take practice, but is the foundation to a successful REI career.

So people who invest in REI for appreciation are investors by at least the #1 definition provided by Google.If you believe cash flow REI does not have associated risks than you have a narrow view. 

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