(you have 20k in equity from downpayment and it is generating positive cash so he could just wait until the positive cash is enough to pay you the other 6k).That is like me asking you to put down the 20k and get the property up and running.

Further, any landlord who has been subject to revocation of a Residential Rental License Permit under this Ordinance shall be deemed ineligible to hold (individually or as a member, shareholder, officer, director or partner in any limited liability company, corporation, partnership, limited partnership, limited liability partnership or any other entity) a Residential Rental License Permit for any new or additional rental property for a period not less than three (3) years.

Should I be getting a pre-approval and making offers as an individual?

I'm here to network and build relationships with like minded and knowledgeable experience individuals.

- what size rental property are you going to buy and how much rent will it generate?

Rarely is it done overnight or by a single generation...acquiring and keeping extreme wealth is a long building process.One of my favorite cartoon drawings is a short series: it shows a large wagon holding a few meek individuals and a lot of folks pulling the wagon.

Thus, money in the community is reduced by numbers and individual income.

Yes, you have reduced the risk associates with an individual house.

Yes, you need to have a few buyers lined up before you go start generating leads, and yes, you should know what your buyers want.But, in general, there is a profile for the motivated seller that we are searching for:1) Urgency - they want to sell fast for some reason2) Property Condition - there are repairs that are preventing them from selling quickly on the retail market (MLS)3) Price Range - most of your buyers will be looking for homes within a specific price range.4) Equity - they have at least 50% equity; without that, they are *not going to be able to accept a typical investor offer.

Rather than as an individual, can I buy (bid) as an LLC then sell my LLC?