I have a pretty simple question about wholesaling that I cant seem to find an answer to.

I am simple guy from a small town, so my post are not the  most advanced.

One nice thing about condos is that they are relatively simple compared to a house since they are a concrete box, for the most part.

I have been a landlord since 1982 and I have also flipped a fair numbers of homes over the years.A couple of years ago I discovered the "paper" side of the real estate investment world.

I have been a landlord since 1982 and I have also flipped a fair numbers of homes over the years.A couple of years ago I discovered the "paper" side of the real estate investment world.

As someone who anal/obsessive about paying all bills early, it has always floored me that even some of the "nicest" folks with adequate funds (at least on paper) will not pay their rent or not pay on time.I suspect these are the ones who deliberately seek out private landlords to rent from hoping these landlords will not pursue them as aggressively legally as a large complex would. 

And yes, all paper work was in play.

(These numbers are extremely simple, but it makes the case)2.)

We use LLCs since they are relatively simple and the lowest cost entity to create both from a legal standpoint as well as state registration fees.

I live in Bloomington and am looking at mutlis in Minneapolis for the simple reason that the population is high in those areas and will stay high.