Now with multis bought from a realtor you will probably run the 50% rule or your screening criteria before wasting too much time.

It doesn't sound to me as though you have any DAMAGES, and you if you're planning on suing the INDIVIDUAL it is likely a WASTE OF TIME and MONEY.Over 95% of all judgements against individuals in the US are WORTHLESS.

Absolutely solid information.

Welcome to BP Scott, it sounds like you have a solid business plan.

I'm planning to start a new LLC in a state (possibly Nevada), so that i can use it as the entity to apply for a mortgage on a small apartment building (8-18 unit).Unless the apartment building is in Nevada, don't waste your time and money.

Tom,Other than internet leads( waste of time) in my opinion.

Just solid uninterrupted rent.Benefits:Seller gets high market consistent rent with no hassles from tenant.You as Investor get the Assignment fee, and YOU ARE OUT OF THE DEAL.The tenant buyer has all the risk.

A solid set of contractors, proven over multiple years.2.

you should ALWAYS do thorough pre-rental screening you should ALWAYS have a ROCK SOLID lease you should ALWAYS take security deposit you should ALWAYS have a good Accountant/Attorney team working for YOUR best interests on standby Other than that, if they don't pay even the first time, stick to your guns and follow your lease!

He works in the insurance adjusting field and will probably be able to give you a solid answer on this.Thanks,Harrison