Your not paying extra and you have someone looking out for your best interest.

When an offer is accepted, create 1234 Madison Street LLC with CashBuyer LLC as the owner and then hold the property in 1234 Madison Street LLC.This approach would also add an extra layer of protection and wouldn't require you to submit offers in your own name or make a new LLC every time you want to put in an offer.

I just don't like the extra paperwork.

This cost no more than finishing a room and is worth the extra effort in standing above the competition.

negotiating with potential lessee and working on building plans for renovations/building permits.

Problem is the renter is getting the extra money and not the landlord.The landlord is getting the extra usage and wear and tear and higher water bill.Thoughts.......

I'm looking to buy, rent for the extra cashflow, then eventually sell down the road when and if the price is right.I'm also planning on moving across the country in about 2-3 years...perhaps even sooner, but I don't want to wait that long to start investing because it might not be a buyers market then.So, I'm not sure if I should invest here now and then manage from afar after I move, or start investing there and manage from afar now.

Plus I kind of like the idea of only doing it when they are late, charging all of the extra fees so it stings quite their wallet quite a bit.

I doubt the buyer will have any extra funds to cover the spread in option 1.

i live in ca so i know i would have to foreign file here in ca. im sure it will be an extra expense having a foreign llc but am willing to overlook the extra expenditure if it will ultimately protect my assets BETTER than what a california llc can do...looking forward to some words of wisdom. thanks in advance