Here is the link to setting up your "REI Friendly Team" in metro Indianapolis. http://bit.ly/REIContactListThese are all the people I've come across that are involved with REIs full time.Make sure you respect their time and they will help you move forward in your venture.

If your a buy and hold investor, are you planning on putting the properties into one persons name and getting traditional (30 year) financing (traditional mortgages are for individuals, not LLC's) An umbrella policy for a few million is a cheap way to take care of liability, and even if you have it in a series of LLC's and your 5 entities from it, if your involved in the rehab, and someone gets hurt because of neglect or something you should have know, you liable...and if your managing a rental and something goes wrong, your just as liable.

I'm thinking that it would be better starting with Hard Money then once it is rent stabilized convert to Conforming.

@Jorge C.Since your family is already involved in real estate investing why not approch them for funding?

How do I get the sellers of these properties to believe in me when it comes to finding buyers & closing these deals with a win-win for all parties involved?

I guess what I’m trying to understand is would there be any double taxation involved in an LLC structure, bearing in mind again, that I myself am a foreign alien.

He has a seminar called "Winning The Property Wars" and it seems to relate to his TV show on the Discovery Channel that involves real estate auctions.

I am 57 years old and have been involved in building homes all my life until.......

As for tips... if you decide to work with the Section 8 program, take the time to learn about the roles and responsibilities of all parties involved - case managers, inspectors, tenants and landlords.

They will let you know of any oddities that may be involved with renovating these homes.