It is the funding that I am lacking.I feel that I am in a stalemate and the only way to purchase my first rental property is to generate more income than I am right now to get to the point of being able to pay the downpayment.Thank you all for reading this post and I appreciate any responses and advice.

If you try to go over the whole list, you’ll lose the attention of an average person and they won’t remember anything!

., pay off their existing loan, closing costs, and/ or put some cash in their pocket, etc)There are 2 "legs" of the transaction.

Most multi family is on one furnace/boiler and the landlord pays the heat.

Unless maybe because he has those funds in his business account it’s considered an asset on his PFS until he has to pay it back? 

@Mark C.You are going to create a tax and accounting nightmareYou will pay taxes in each state you own property (typically) aThus each LLC will need to file in that state then you roll up to you which just adds more expense to your tax returnsYou will end up spending thousands of dollars per year to get taxes done which will eat any cash flow from making it so complexKeep it simple

With the current rental you intend on selling to pay back the private funding, does that cash flow for you?

Also, I would like to buy it cash to get a better deal out of it and not have to pay for any interest or loan fees.

However, the matter of liability has been brought to my attention.

All other things being equal, a high quality tenant pays lower rent than a low quality tenant for the same property.