I think I'll drop the idea about a loan to the LLC.Look forward to more help in future.

If the house has been listed for more than 30-60 days, some banks will drop their requirements to about 80% of BPO.

How deep water and drain lines are buried is greater in northern states due to the winter freeze.

I put it up on the market FSBO, and it sat, and sat, and sat, several price drops and 6 months later I couldn't stand it and hired an agent to sell it. 6 months, and 1 bad offer later I pulled it off the market and leased it up.

I typically deal with a lot of plumbing issues (water heaters, toilets, leaks), HVAC issues, and carpentry repairs (rotted subfloors from toilets, busted doors etc..).

Schools are key to its draw as well as beautiful water "lifestyle" I hope to meet perhaps at an REI meet up meeting soon......

He had an extremely good paying job, and I know his mother, and often when I would call him about an unpaid water bill she would bring the money by my house in cash.

Here are the numbers:20K in repairsTaxes are $2400INS is $2000Separate utilities except for water and trash: ~$100/month Will manage myself.Finance is 20% down at 4.75%, 15 years.Thinking to submit an offer for 85K.

Contract states that due diligence does not begin until I have given my written notification that I have received all requested documents.During due diligence I request the following documentation:P&L Statements.Seller's Tax Returns and Bank DepositsLease agreements and rental receiptsCopy of current management contract and payroll registerCopy of insurance policyCopies of service and advertisement contracts (Trash, Water, Util, etc)Confirm any existing liens.WHAT IS THE BEST WAY TO GET TAX RATES, SINCE THEY MAY CHANGE AFTER THE SALE?

This 4th leg involves a lot of things (some tedious some more involved) but I think that dropping the ball on anyone item can be the loss of a good buyer.You may want to find an agent that will let you do a hybrid model between full service listing and an MLS listing.