But just imagine, you buy 3 properties at a moderate discount, say 20K each with individual FMV's of 35K.. you now have 305K worth of property and owe 170K, and still a great deal of borrowing power.

I deal more with the middle market of homes, i.e. newer homes in subdivisions in the 125-250k or so price range (obviously dependent on your market and goals).

One of my friends suggested that if we form an LLC and pool our resources, we could buy more property, lower individual risk and get better returns.

Personally, I think it's individual preference.

If I am buying a house that I don't feel as comfortable with or that is bigger than I normally deal with then I factor in a higher profit margin for myself to protect myself from the risk.In my market I deal mainly with properties under $50K.

Not that you want people who have foreclosed/evicted are ideal tenants.

If the court rules against the borrower, the ruling will include the total amount owed to the lender and the foreclosure sale date.The sale date is typically 20-35 days after the court ruling, but this may vary depending on the individual court.Good Luck to you as well.

I do not think the landlord has to be told at all that the individual uses a SA, but am very possibly wrong.

This makes me an ideal buyer as far as the seller is concerned.

You should have no problem networking with like minded individuals here at the site.