This will help weed out first term folks that are either not very responsible yet or that may be forced to live in barracks and decide to get a place they can't afford anyways with some buddies b/c its more conducive to partying.I also give a military discount, but make it contingent on the service member establishing an allotment (military term for direct deposit) to me so I don't have to worry about collecting rent.

Since I started reading BiggerPockets I am learning to think bigger and not discount something until I know it does not make good business sense. 

taxes and legal protection 2 separate things. the judge will ask : well show me that your LLC is not your alter ego but a legal entity separate from you.ok here it is : separate bank account, all properties are deeded under LLC, utilities under LLC, all contractor checks written on LLC, ADT set up under LLC, insurance policies under LLC. never comingled any personal funds with those that belong to your LLC etc etc..I simply acted as a manager of my LLC. so worst come to worst ...all your assets under your name should not be exposed of course, you personally will be named in any lawsuit that involved your LLC ...keeping your record straight will help judge to decide if indeed your LLC is a separate entityI have to run this by my CPA--> not sure CPA would risk his license explaining anything...this job belongs to asset protection/planning attorney. 

But as others have said the best way is to go search for "for sale by owners" or just straight up house for rent signs and asking if they would consider selling under owner financing, or even lease option wouldn't be terrible.  

Compare the two and whatever you choose, make the discount at least that much.

And most of their discounting is done to that. 

-The structure itself would be depreciated over 27.5 years straight-line (equal amount per year).

Rentals are great in this area because of the fact that there are 3 colleges in La Crosse.I joined BP after listening to the podcast for a week straight while at work, mainly to start networking and to be able to ask questions or find the answers to the questions I have.  

I've got a quad under contract. All units are currently leased. One of the tenants is the seller's daughter, and she was given a rental rate $100 less than market to "keep an eye on the place." I've met her, and her f...

Now as for the deed, usually tax deeds are fine until you want to sell, then you either need to clean title or sell to a cash investor at a bit of a discount.