After that big even I continued for another oh 3 months maybe I went once a month and had workshop settings.. 3 a day... 2 couple one agent max of 20 in the room.. so everyone got personal attention I would make the over all presentation then float from table to table... we had our lap tops and simply brought up MLS listings... the listing brokers in Oregon LOVED ME..

Now my questions are:What should I set my price for the house/land at?

But a good set of rentals will always provide cash flow, and almost guaranteed equity in 3-5 years (unless you blow the initial deal).   

Quotes came in at 100k so I adjusted my offer to 240k where seller finances 210k of the deal. 

Here are some new Member TipsTip # 1: How to Use @Mentions on BiggerPocketsTip # 2: Setting up Keyword AlertsTip # 3: 25 Tips for Real Estate SuccessTip # 4: Check out the Start Here pageTip # 5: Check out BiggerPockets Ultimate Beginner's GuideTip # 6: Listen to BiggerPockets PodCastDon't know which one to listen first..listen toBiggerPockets Podcast 108: Building a 350 million Real Estate empire using the 10X rule with Grant CardoneTip #7: Interested in learning about MF success story check out my team Podcast 175: BP Podcast 175: The Power of a Team to Build a Multifamily Real Estate EmpireTip #7: VotesTip #8: Meet BiggerPockets MembersTip#9: BP WebinarsGood Luck!

If you have your keywords set up, you should get a notification.

Lastly, if you do not want to be a landlord and are not set up for it, the over goal is to keep that part of deal between the seller and tenants.. you should not be dealing with the tenants at all..

We want this to be a formal loan and make sure that it is set up correctly and is also easy to manage.  

An LLC could solve quite a bit of this but he already has enough on his plate and really neither of us want to deal with an LLC on top of all this...So...We would like to take the rent funds in the name of the trust in a bank account and draft checks etc for the building as well.My question is how to set up a bank account for a land trust and is anyone using a bank familiar with land trusts?

Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!