I like going to a new market by setting up a lot of meetings with Realtors and viewing deals and looking at neighborhoods.

Also if enough investors in the area are interested I am considering possibly setting up a local Reia for investors in and around Monroe, MI.

You determine what to offer by setting goals and knowing your market.

He advertises the house to his buyers list and once he finds a buyer, set up the closing so that the profits gets split between both of you on the HUD statement.

Can I set up a self-directed IRA to loan money to an LLC in which I am the sole managing member?  

Trying to set up some self-imposed 'trading rules' for myself as far as flooded properties go -- to what extent, in what areas, I will play in that segment -- but that is a whole other topic, though, isn't it.So there you go, another new guy in HoustonMark

Now if you have a million or two in cash, and an other couple million or more in properties, then yeah, set up some LLC's.Have you thought about possibly just getting the loan in your name, live in it, and a few years down the line when you have moved out, there is a little equity just doing a quit claim deed to put it into your LLC? 

It is a document entitled "How to get Your Security Deposit Back" and also sets the expectations for how we want our unit's left.  

-Determine a financing strategy-Set my budget-Determine 3 key target markets to focus onSpecific questions I need to get solid answers for:- What is an optimal financing strategy to get me to 10 units in the shortest period of time? 

While you're saving I'd start setting yourself up.