If anyone remembers the commercials...I've been interested in this profession since the days of the Carlton Sheets infomercials.I recently obtained my realtors license as part of my exit strategy from my current employer.I would really like to establish relationships with people in the DFW area who's brain I can pick to gain knowledge and insight in this profession.

I stay motivated by establishing a clear long-term business plan and taking steps every month towards achieving that plan.I pay myself nothing while in growth mode.  

We were the cash guys and had a team pre established that were doing the leg work.

So barring contact prevents a would be buyer of the lien from jacking around collections established by the lien holder.  

Desiring to establish financial freedom through rental property investment.

4) Ground up approach: (cost of roof)/(useful life of new roof) + ditto for HVAC, paint, landscaping, ... 5) Similar to (4) but inspector determines remaining useful life of roof, paint, HVAC, etc. and timetable for updates is established.6) Other?

Lee, For what I do, I use "disposable LLC"s as such: If I find a property I'm interested in, I use a generic, established LLC, such as Sarasota Investments, LLC - insert your name here.

If you think about doing it this way, make sure you work with someone well established, otherwise, things could get worse than they currently are. 

The residential rental property depreciation schedule is 27.5 years because that is the class life of residential rental property established by congress and implemented by the tax code.  

If i was an established investor i would ask myself...