I buy a duplex in need of work, manage the property for a couple of years while saving for renovations from both from the operating income and personal savings, then after two years, dump my savings into fixing the place up, raise rents, and put the property on the market to execute my exit strategy.

My exposure with real estate in my current position is but not limited to, initial site searches, site selection, RFP's, LOI's and lease negotiation through execution.

Hi @Jerry Padilla - SCORE.org is the "Service Corps of Retired Executives" and is a legit, non-profit offering small business/entrepreneurship guidance, classes, assistance all over the country.  

When executed properly, the deals can be wonderful. 

@Chris Wood assuming I know the deal you are talking about, you need to execute if you have the ability.

Howard County (where Columbia is) has a school system that is consistently rated in the top 5 in the nation so housing prices are high.  

3) If the due on sale was executed, is there typically enough time given for my hubby and I to go out and get a loan?

There are typically 90 day flip rules depending on what short sale program the borrower goes through and the paperwork the mortgage servicer requires to be executed.

This article does not apply to an individual, partnership, association, or corporation, who as owner or lessor or as attorney-in-fact acting under a duly executed and recorded power of attorney from the owner or lessor, or who has been appointed by a court, performs an act as a real estate broker or real estate salesperson with reference to property owned by it, unless performed as a principal vocation not through a licensed real estate broker.So from what you posted, as a member of the LLC and part owner of the LLC, and if the LLC owns the property, the answer would be 'no' you don't have to be licensed to manage the LLCs rental property.

I don't pursue a deal unless cash, financing, and all the other details are in place to execute within 30 days.