The plan as discussed with both realtors was to have the current owner collect the November rents  and then hand  those to the escrow company.  

If you want to buy it in an LLC you will lose most of those benefits.I’m no expert but the Pro’s of owning properties in an LLC do not compare to the pro’s of buying as a personal residence.I’ve done 3 househacks so far and collect via Venmo linked to my personal bank account.

That is assuming the tenant (also me) will pay the real estate taxes, as well as insurance, which will collectively add another $1.43 . 

Property managers make more money on repairs than they do on rent collections.

Collect First Month’s Rent and Security Deposit6.

The minimum balance gets refilled next month when rents are collected.5.

The following are a few that comes to mind:(1) Holding cost/s to fix these properties far outweigh the profit the company was going to make after rehab.(2) The turnaround time to fix these properties is untenable due to the shortage of labor costs.(3) The inflated acquisition price, coupled with an extensive long lead time of raw material have exasperated the new supply of new housing inventory.(4) Institutional investors are selling/bailing because of the sentiment of https://tinyurl.com/Shoeshineboyindicator.(5) And last but not least, the AI algorithm has taken into account the above parameters and predicted a bearish outlook for the subject housing market segment.With all of the above in play, what?

After touring the house, I consider he probably cannot move all his stuff out by tonight and so I gave him two days of extension (until 11/2) but will start deducting his security deposit at a prorated basis starting 11/3 if he still can't move out by 11/2.

Once you've found someone you let them pick out the home they want to buy and have them sign the lease and option to buy agreements then collect the non-refundable option fee.

I live for free and collect $100 a month in cash flow after accounting for expenses.