Most people like LLC's because they are easy to set-up and there isn't a lot of on-going paperwork.

And finding the tenant and getting them to sign a lease etc,. is easy because most realtors can do that for you, they charge about 50% of first month's rent which I believe is well worth it.I live in the dallas area and I typically don't even look at the properties (for most cases) , I have a good contractor who will look at the property and run the numbers for me on the repairs.

That really isn't an easy thing to do.

Pros- relatively easy to comp, generally lots of similar inventory; usually limited rehab requiredCons- higher holding costs; bureaucracy/admin issues with HOAsThis is assuming a flip- if you're thinking buy and hold then that's a whole different ballgame with different pros/cons.

It's unfortunate but not surprising that there isn't some "neutral" website or source that can provide these emails for people who want to go directly to the listing agent, since the feeds don't contain the lockbox codes, loan info. or other sensitive information, but the whole RE agent/MLS system seems to be set up to protect agent's jobs rather than make transactions efficient or easy.

The other factor is that banks want to see the borrower have some "skin in the game"...when you are 100% leveraged on a property (even one where the value is significantly higher than what you purchased it for), it's pretty easy for you to just walk away on a whim.

It should be easy to sell with seller financing given then current mortgage market. 100-200 a month in monthly cash flow, no landlording, no tenants, no headaches.

I guess i just need to know is there a easy way to deal with PM's when I start moving MH's out of there park?

It is easy to take things for granted.

thanks Laura :) The RE people who do REOs are easy to find here.