Monthly rent will be deposited directly to the business account.Since this is absolutely new to me (the LLC setup), I'm not even sure I've provided enough details for folks to provide feedback or advice...Essentially this was a bookkeeping method and not a legal one.

Goodmorning ! Looking to build a network of hard money lenders , general contractors, and realtors experienced in short sales in westchester . Also seeking insight on the best areas to rehab and refinance a multi fami...

While I know these numbers are not 100% accurate, I want to be consistent in the tracking method and use something that is simple (so I will actually do it every quarter).  

That means you will probably either pay a lot more and/or will lose a lot more deals before finally getting one.This is not meant to be discouraging, but newbies often quit when they find out how hard it is to get started, and the method you're using (FHA loan) will likely mean you have to have more patience than the average investor who already owns a personal residence and is looking to expand into rentals. 

Investment Info:

Single-family residence buy & hold investment in Halifax.

Purchase price: $188,000

Cash invested: $17,000

This is a small bungalow up in my town center commercial zone but grandf...

Then you can send mailers (the most expensive method) or you can skip trace the list and cold call them (my favorite method). 2nd option would be to join local REIA meetings in your area, look on meetup.com it's a good way to network and build your buyer list. 

Maybe add the payment method on the website itself. 

This is my first deal, a commercial BRRRR.

As a result, I bought a book called "The Book on Rental Property Investment" and tried to educate myself and that's how I know Bigger Pockets.My goal is to start investing with brrrr or buy and hold strategies this year in great Philly area and at the same time building a reliable system to growth.

If they have no established credit history, then you have to use a different method of verification like talking to former Landlords, checking bank accounts, etc.