I think maybe I need some type of a 24 volt timer that I can wire to the individual zone valves (each unit has one zone and one t-stat.

Once you accept the trial, just enter the city and state where you want to find the pre foreclosures ( defaulted properties) and the lists comes up with all of the properties current info.

@Alex Agafonov@Jon HoldmanJon is right repairs or improvements done prior to the rental entering "service," is added to basis however interest and incidentals like property tax can be itemized on your personal schedule A.

Do you believe that a HML would enter into a JV in that manner?  

I'm looking into having a page on my site in order for individuals to leave their information.

I recently stumbled upon a situation where the individual was selling an FHA home after living there only 3 months.

I decided to pull in a group of friends (none of us have a whole lot of money individually, but together we have more than enough money to get started.)Something we're taking into serious consideration is the option to create an LLC to use as a means of acquiring property.1) Is this a good idea?

As for private lenders, that's a different story since they are individual people who may be happy with the arrangement you propose as long as their investment is secured and they receive the return you promised.I would think that the rates you would pay a private lender would make the investment a loss since you're going to be paying a higher rate.

Sometime though, there are properties that may get more individual attention if you let the buyers think they have an exclusive shot at a deal.

I have 6 individuals interested in lending to me and I hope to demonstrate that we can help each other.My thinking is that I provide my track record, the resources at my disposal, my ideas for buy and holds and flips/buy and hold and future prospects.