If you have a great deal, you'll find more buyers than you know what to do with.Focus on finding the deals.If you find a truly great deal and can't find any buyers via basic means like REIA meetings, Craigslist, the MLS, bandit signs, etc -- then it's probably not a great deal.

rentometer.com gives a basic idea.

They may be getting a lot of bogus pre-approval letters that some loan officer just types up on company letter head which is basically as good as toilet paper.

To address the specific OP concepts, there are note investor who purchase assets on a nationwide basis.

He said that basically if you are a single member LLC and you are managing the property yourself you will have a hard time proving you aren't personally managing the property even with the LLC as manager.

Hopefully those glitches are over with, because the concept is awesome.

(What a concept!)

Most likely more, but starting off small would work best for getting my feet wet.I am leaning towards rental properties which would be basically move in ready.

Basics...who is the seller?

I believe that I need to pay back the tax credit since the house clearly is not my primary residence, but I am struggling to figure out the best way in which to do this.I don't know all of the rules for this, but would it be possible to amend my 2010 return to pay back the credit then (basically as soon as I got it?).