As we haven't done this before (our other rentals are not co-located with our primary residence), we would greatly appreciate your thoughts!

@Terrance Hutchins I own in gulf shores Alabama and steamboat springs Co.

 $42k will not qualify for much of a loan compared to San Diego RE prices without co-signers.  

You have to set up everything in the name of the LLC and not co-mingle funds.

The “wholesaler then sells his interest, after the contract is executed, but before closing to the other co owner of the entity, who of course is the end buyer.

I wanted to buy a house in Seattle in 2012, but gave up when I couldn't find a co-signer.

They may actually be investors or just plants for the co., which unfortunately is a red flag that pops up because it has been done so many times here on BP.  

You should join our community of house hackers in CO Springs.

Florida basically where new construction was a big driver of the economy and new construction stopped and subs lost jobs and had to relocate. my C class in the Deep south also had issues.. of course Section 8 trucked along but no one paid their co pay LOL..

Co- star reports 9+% vacancy rates which seems very high.