@Andres Bernal Having submitted a lot of cash offers in the same market you are, it is best to provide a bank statement with liquid funds that minimally equals the offer amount.

@Greg Dickerson I do not have 500k liquid cash no, but poeple are putting that cash up.

If you don't have much equity in your personal home and just a moderate amount of liquid assets then the amount of money someone could go after if they sued you is lower.I agree with the other comments that it is not necessary to have an LLC to "run like a business".

It's not a fluke that the major reason for most businesses that fail is due to lack of liquidity ( even real estate investing businesses).

If you can promise a return of say 5% and you know someone who has money in liquid savings they likely get a max of only 2% so that could be a win for them and you!

So $45k in liquid cash needed to start.

Most tenants don't clean them and that is your problem.Another thing we tell tenants is do not use liquid dishwasher soap.

Given that this is a leveraged position and the fact that these units are highly il-liquid (making them less attractive investments), 31% doesn't sound all that outrageous?

Have over 100k in the bank of liquid cash and figured id take the leap and go into being a full time investor its been 2 months now after my last flip and i cant find a single home in my price range in the Newark NJ market to get my hands on. 

There are many ways to make more money with less risk, more control, and/or more liquidity.