The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

Eveything here is ridiculously overpriced and draped in regulations it seems so I've expanded my sights outside of the area.Locations of interest include; Northern VA, Pennsylvania, Florida, Georgia, NC, and SC.Plan:Small/Medium sized multi family properties 4-10 units. 2/1 up to 3/2 if available.Purchase price under $450,000 with a minimum of $100 cash flow per door after expenses but a target of above $250 per door after expenses.Cash on cash should be above 10% with 15%+ as targetProperties would be managed by local management company or Live-in manager.My plan, criteria, and areas of focus change with more knowledge gained.

Eveything here is ridiculously overpriced and draped in regulations it seems so I've expanded my sights outside of the area.Locations of interest include; Northern VA, Pennsylvania, Florida, Georgia, NC, and SC.Plan:Small/Medium sized multi family properties 4-10 units. 2/1 up to 3/2 if available.Purchase price under $450,000 with a minimum of $100 cash flow per door after expenses but a target of above $250 per door after expenses.Cash on cash should be above 10% with 15%+ as targetProperties would be managed by local management company or Live-in manager.My plan, criteria, and areas of focus change with more knowledge gained.

Once done, a competent CPA will quite often be able to file your S Corp and properly register it with the IRS.However, I've seen many occasions where I've had to go in afterwards and clean up the mess from improper filings.

Get proper legal advice for this, of course.

Anyone wanting to do it should consult the proper authority like an attorney, of course. orIf I hadn't lived in the property then I would figure out a way to do a 1031 .

It highlights all the pitfalls but the 3rd section is how you properly structure buying a home with your LOC.

If that doesn't work, move up the proper chains of command in the city (city engineer's boss/head of DPW, etc.). 

What are the proper steps to take to get started.

You'd need one helluva track record to make the bank feel comfortable that the owner/operator is going to handle a portfolio like this properly, and make good on their investment.Do you have any experience operating projects this big?