One particular house is listed for $49,900 and the comps on that street (that I pulled from county PVA site) show similar homes are around $39,500.

The more you know about your market the more confident you will be when you are ready to pull the trigger.

The plan is to get it as a solid first asset to the LLC and use the appraised equity for either a line of credit or pull out the equity to do minor rehab to the property then use the rest to continue acquiring property.

Here is a Link to a short description of both. if you will only use a small amount to put down as a down payment then i would us a HELOC, even if you can pull out 100,000 in equity, you do not pay interest on it until you use it. would you want to pay 3.5 - 4.5 % on $25,000 ( usually broken into 20 year term) or 4% on $100,000 over 30 years ? 

Nor did I think about pulling up the tile and polishing the concrete.

Benefits for Landlords No need to collect SSNsA SSN is required to pull a credit report.

I bank at Redstone and they will just pull the money for closing - no wire fee, no certified check.

Average retirement account costs are pulled from the 401(k) Averages Book.

It is easy to get paralysis by analysis when trying to pull the trigger on a RE opportunity.

I pulled the property up on the Dallas Appraisal website and found the owners name and saw that he was living at another address.