Also, I don't know that you can have a registered DBA for an individual's name.

Well, I'd like to get opinions individual for this particular project with other peoples influence.

IRC § 1031 even addresses properties held for fewer than two years (only the periods during which the property was held are taken into account, unless it looks as though an individual is deliberately trying to “avoid the purpose” behind the code).The safe harbor, essentially, is something like that IF…1.

Some updates could raise rents- adding a communal laundry, adding separate heating units (currently all on the same heat with no individual unit control), etc.

We'll have enough for 25% down payment, plus additional reserves in the bank, but I'm curious as to the possibilities of actually getting a mortgage/loan using an LLC rather than purchasing through an individual. 

Also, many smaller companies and individuals cannot afford Fannie and other big lender listings.

If I go the individual route, I at least have good credit and at least could get 30 @ 5% (will probably at least get one more quote).

Does anyone know if either auction sites or individual counties keep a log of the homes that were bought?

Your thoughts please on this being a bad or good scenario.2 br /2ba Townhomes currently owned individually with both owners interested in selling for individual reasons.. at about 70k each.

@David Sanford As you mentioned you will have turnover and repairs, but on the flip side you can achieve higher rents because it is possible to rent out rooms individually and you should have a steady stream of potential tenants with each new semester/year.