http://www.biggerpockets.com/files/user/REISkills/file/letter-of-intent-lease-option-assignment @Brian GibbonsWhat other paperwork do I need?

@Jim Roberts I have never purchased this but found this thread on ithttp://www.biggerpockets.com/forums/79/topics/91912-lindsey-jean---cash-cow-know-how-system

This might be of interest to you. http://www.biggerpockets.com/renewsblog/2013/01/24/subject-to-direct-mail-woman-investing-podcast/#comment-165606 Either the realtor you spoke to was misinformed, or maybe the rules vary from state to state, like you said.

@Michael Gammage - I'm unfamiliar with the product, however since you're looking for a deal analysis tool, you may want to try ours out here on BP.http://www.biggerpockets.com/real-estate-investment-calculator

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

@Junior Salters check out this podcast - they talk all about ithttp://www.biggerpockets.com/renewsblog/2014/05/15/bp-podcast-070-subject-to-grant-kemp/

You can type in keywords and look at past threads on LLC (3,407 of them) or even articles (141 of them) Here are a few:http://www.biggerpockets.com/renewsblog/2013/08/17/rental-properties-llc/http://www.biggerpockets.com/forums/51/topics/76999-llchttp://www.biggerpockets.com/blogs/2024/blog_posts/18389-why-llcs-beat-corporations-in-real-estate

A good way to stay in the loop here is to set up keyword alerts on things like "Chicago" http://www.biggerpockets.com/alerts

Even as a GC you get calls, questions, trips to the property to check on work, sometimes drop things off, or see any issues the contractor might run into. homewise.com gives you some ideas for costs even for being a GC.http://www.biggerpockets.com/forums/24/topics/1470...

He has a monster Wholetail business.http://www.biggerpockets.com/renewsblog/2014/07/03/bp-podcast-077-negotiating-way-1000-wholetail-deals-michael-quarles/