the fact that the loan is in your name exposes you to the risk, i believe.however, getting a loan under LLC is impossible. noone will do it. they want the "security" of you backing up the loan.also comercial loans are crazy expensive (40% down with 8% APR or there about).having said that....we buy ours in our names then transfer to LLC via quit claim. whatever happens happens, i suppose..

My main issue with a short sale is related to not wanting to damage our credit when we will likely try to buy-up within the next 10 years.Lastly, we're looking at the SFR ($325k target) as something we would live in for five years before renting out as a long term buy and hold - we think we can secure a good 15 year loan that aligns with rental rates in the area.

That said I also would love to not sink so much cash into one asset where it will be tied up, both to allow for another investment down the line, and for general security of having more cash accessible.

That said I also would love to not sink so much cash into one asset where it will be tied up, both to allow for another investment down the line, and for general security of having more cash accessible.

If you call up a big corp and securities attorney in your area, you may get similar responses...from no response to, 'well i guess you gotta start somewhere' with no indication that they wanted to waste their time on a peanut fund.

Jon Holdman how are you able to get someone to give you 1 month's security deposit & 1st month's rent ahead of time?

If the tenant is on the cusp increase the security deposit and be direct with them about your intentions on receiving the rent on time.

I don't want to babysit all the time but do plan on periodically checking on them in person or through the security cameras i installed. 4.

This has allowed me to make very high returns and, in my opinion, they are safe, secure, and guaranteed for the most part.

Sure I plan on going full time at some point, but I do not think I would be where I am today had I not finished my degree and been able to secure a good job.