After the crash, the individuals net worth, credit, score, liquidity were then put front and center. 

@Doel GonzalezYou and your wife can purchase up to ten properties in each of your individual names.

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.

Investing in notes is done by an individual or entity with its OWN money.Notes are not the RE Business, JV, entities, partnerships that are RE may not be fine in finance.Check your state brokerage laws.

Take your time to get to know the city, it's a city of neighborhoods some blocks maybe really nice but a few blocks away you'll want to stay in your car.

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

Remember at that end it's your head on the chopping block

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.