The DBA is the business name, but YOU are the sole proprietor and file under your Personal SSN.Look at the DBA filing - - there is no SSN or TIN as it is also known.If you want to file under something other than your SSN, the create an LLC or S-Corp - - seek legal assistance to do so and to understand the tax implications.

I started with Wells Fargo as they are my primary bank and I have a good relationship with them.Is there a general rule of thumb for interest rate offered by banks, big or small?

Do these number Monthly Gross Rents $ 4200Monthly Expenses  Vacancy       $ 336 (8%);  (including here since 50% rule includes vacancy as part of expense)  Prop Mgmt   $420 (10% of gross rents)  Insurance     $208 ($2500 yearly; quoted by insurance agent)  Prop Taxes   $680 (2.9%/year of assessed value; actuals; eats up 15% of gross rents)  HOA fees      $330   Maint Reserves:   $420 (10% of gross rents)  Maint/Repairs       $84 (5% of gross rents)Total Expenses : $2478 (59% of gross rents)  NOI:   $1722  Mortgage: $1215 (25% down @ 5% interest)Approx Cash Flow: $507/month (about $125/unit)Cash-on-Cash: 7.2% (Assumes 25% down + 3% closing costs as initial cash requirement)Thanks,Jacob  

Right now, I stay at home with my 4 young kids and I'm looking to create a job for myself through real estate investing.  

@John McAuleySpecifically, the transaction you mentioned would be in violation of the following prohibited transaction rule."

My end goal is I want to rule the freaking world if I can.

I pulled a list from my county of all code violations from the past year and had them all scrubbed by a freelancer who created a spread sheet with all of the homeowners info to mail to.

Here are some new Member TipsTip # 1: How to Use @Mentions on BiggerPocketsTip # 2: Setting up Keyword AlertsTip # 3: 25 Tips for Real Estate SuccessTip # 4: Check out the Start Here pageTip # 5: Check out BiggerPockets Ultimate Beginner's GuideTip # 6: Listen to BiggerPockets PodCastDon't know which one to listen first..listen toBiggerPockets Podcast 108: Building a 350 million Real Estate empire using the 10X rule with Grant CardoneTip #7: Interested in learning about MF success story check out my team Podcast 175: BP Podcast 175: The Power of a Team to Build a Multifamily Real Estate EmpireTip #7: VotesTip #8: Meet BiggerPockets MembersTip#9: BP WebinarsGood Luck!

@Andrew Horowitz the rules for tax lien sales vary from state to state and sometime from county to county. 1) tax liens are virtually always first sold at auction.

I have gained a ton of information from this sub and want to thank everybody for creating such a great resource of information.