Not just from your buyer side of the transaction.If you're only doing one transaction, it's probably not worth getting an EIN.You can have the check made out directly to your name, you just have to remember to deal with it during tax time.If you plan on doing more of these and other transactions, then it might be worth getting into a DBA and/or EIN.I go through this all the time when I sign up with vendors to do BPOs.

I would probably leverage it with a line of credit while you have it, most will look at your liquidity and net worth as well as credit score and experience.

I guess I just needed to know who’s making what and felt good about being able to put in an offer for what I thought the property was worth as a rental nit what they wanted to get for it.

Who would tell us whether a certain investment property is worth its price or not?

If I had a problem tenant, the hassle for this modest profit would never have been worth the time and effort.

My question  is would the 50k house be worth getting and fixing up until I reach 75k, which is the price of the condo, although it is not in a great neighborhood.

Then you would own a house for less than it's worth, like they do now.

The more expensive route is worth it to me because i can spend time on getting the next deal and trusting my construction guys to get it done right.

@Anthony MikolichThere are several banks that do HELOCs on Investment Properties.The one that I know is East West Bank: East West BankI understand there are a lot of suggestions to do a refi, but there are two problems with that:1) That's not what the OP asked and 2) There are REAL reasons why to use a HELOC... which is why it's a Loan Product that is available.HELOCs give you another choice to use money temporarily and is better than HARD Money.I will wind up getting huge discounts on properties with an All Cash Offer.The discount I get can be upwards of $100k on a $1.5 Million property.BELIEVE ME.... it is worth it.

I am in the same position with a Tax Lien lot in rural TN worth less than yours.