I currently work for a security company now, but I'm looking to transition out of that and start an entrepreneurial career.

I guess I need better data to be able to apply this technique to analyze my current location!

IF at the end of X amount of time I am not able to secure a cash buyer we can part ways as friends or we can look at a price reduction

If your LLC is not managed correctly it's worthless and a false sense of security.

Now it is easier to find good tenants by getting a report on them, a good lease, a month a half security and a landlord/tenant attorney.

@Ivan Vargas  any one looking for this information on BP is just plain silly.these are complex transactions and the only one who can guide you through them is a securities attorney in YOUR state.   

I don't know what the laws are in Minnesota but in Washington state landlords have 14 days to return the security deposit.

He took the tenant around to various apartments and, once he found one he liked near his job, he paid his security deposit and first 6 months rent up front.

I see a lot about how you should secure your method of financing prior to looking for a property.

The only true protectoin is to file a Security Deed to secure an option.