Hi, I'm planning to buy my first rental property this year and was wondering the best way to obtain a LLC.

Bernie, how are you obtaining phone numbers of the PR?

Laws weren't always followed to a 'T' back in the day so you run the risk of addressing a few framing issues that were never yours once you open those walls (done during our demo phase).

I would not make an offer if I was not sure the money was obtainable in the specified time frame and I would not advise you to either.    

@James Wise Thanks but I was looking for an explanation to assigning a fee on my deals prior to obtaining my RE license.

If you plan to close the secured cards at some point (1-2 years down the road) you'll need to be more aggressive in obtaining unsecured credit.My warning is to avoid limits much less than $5000.

This contingency says that if you cannot obtain financing at a reasonable rate (which would be spelled out in the contract) then the contract will be terminated and you will get your earnest money back.

I can imagine after paying property taxes for 5 years there must be some kind of leverage with a traditional lender in obtaining a refinanced loan? 

In retirement the huge cash flows I will receive from these properties will allow me t not have to draw down my 401k's and Roth IRAs.

I have a very high personal FICO score but I'd like to obtain my next property with very little money out-of-pocket.