Sorry, my mom is a Shakespeare buff and she would be proud :lol: So I was just about to go to the County Courthouse to file for an Assumed Name(DBA) but now I'm considering starting an LLC for multiple reasons and I'm curious as to what your opinions are.A little about me:I have not yet done a dealI have been studying for some time and I'm ready to get startedI have every intention of doing this full-time but I will not quit my day job until it's a realistic possibility(1-3 years)My only assets are my house which is homesteaded and a car with 100,000 miles and serious hail damage so I'm not concerned with asset protection at this pointI am interested in wholesaling/rehabbing(rentals in the near future)I have $10K-$20K startup capital I will be using Hard Money for my first several rehabsI have excellent credit (771)I am now thinking about starting an LLC in Texas(one-time $300 filing fee)for my rehabs because I want to build up business credit and season my company so I figure I might as well start now.Once I acquire rentals I will definitely setup an LLC but that is not an issue yet.Given the information, should I form an LLC or just do my first few deals as a sole proprietor and then get my LLC?

My boss wants the ability to do the following things:1) Have financial statements for each particular project (your normal accounting)2) Consolidated accounting (be able to look at all properties together)3) The ability to build in different capital models to the projects (multiple investors/single investor, debt/no debt)4) The ability for a singular investor (ie: my boss) to see how much cash he has in each particular project, and all projects, see how much he's actually making in each (cash) to see real returns5) The ability to possibly include rent rolls and specific information about each project with the ability to have notifications when note payments, property tax payments, etc. are due.

"Daisy Chains" usually implies a package of multiple properties, aka "bulk REO".

This way, the tenants become much more invested in maintaining the property and believe they got a great deal on the place making them much more likely to stay long term.† If you hire professional property management make sure you pay based on percentage of rents collected so you don’t incur excess expenses on vacancies.If you have multiple back up exit strategies you can go forward with confidence on any deals.† Just make sure you increase the spread you normally work with to give yourself the most options.

This topic has been posted multiple times.

I am going to call the state tomorrow, I figured I would just ask anyway.Sorry for the multiple questions.

This is great from a cash flow perspective but you are in lower end rentals so tenants must be screened CAREFULLY.

But, I recently came across this site, and decided to join in hopes of networking to meet other people in my field, and to get a birds eye perspective of the investing realm from those that do it everyday.

I just heard some dude on here bought like 22 properties last year alone. How on earth do you all do this? That is a TON of tenants to take care of, yeah?? In addition, doesn't it scare you when each one brings in ...

Plus I think its critical to have multiple exit strategies throughout the transaction, and after closing, (which is a whole new thread to have an in depth discussion about).I noticed a few of you said to get in touch with investors in your target markets.