In a sense, you'll be business partners with him for the duration of the loan.

I called a few, but I get the sense they are not in a hurry to help.Any suggestions would be much appreciated.

Would making a LLC make sense for this kind of situation or would it need to be something else to buy real estate through.

When rubber meets the road, these low-cost/low-rent properties only make sense if you're turning and burning them, or are adding them to an existing portfolio where you have sufficient reserves already.I've got a property I am looking at that rents @ ~1750 for 2 units, so taking 10% for CAPEX -- which is an estimate on my part, good, bad, or indifferent -- sets aside $2,100 per year just for CAPEX.

I'm sorry if this comes off as not making much sense, but I'm trying.

Common sense still applies, even though it isn't a college course.

Damien,Thanks, that makes a lot of sense!

That's makes sense.

They need to understand that they are getting immediate relief from their mortgage payments, you will boost their credit score and it would not make sense if you did not make the payments, because you don't make money until you sell the house.

But even so, common sense and cash flow rule.