Your time extracting the data from public record and updating it would create a position.

Definitely create an LLC for the above reasons.

I would work on establishing credit and create a nice "nest egg" of savings.

This is from the same marketing company that has Flip Advantage, Fortune Builders, Flipping Boston, Property Bank... the marketing company is call Zurixx LLC...You can look them up under Elite Mentor...Same company where Armando Montelongo started before splitting a creating his own seminars.  

I was cleaning up a rental that I have , its on a wooded lot , I move the refrigerator and there is a 3 foot black snake laying there ,I pick it up no big deal , But when I came up behind the guy helping me and said " here hold this " and this 50 year old guy screamed like a 12 year old girl , ran out the door and called me every 4 letter word ever created , it took me about 15 minutes to stop laughing .

A partner and I created a LLC.

Would like to do something similar to what Ann Bellamy did in Massachusetts, she talks about it in one of the podcasts, http://www.meetup.com/Black-Diamond-Real-Estate-In...Would like to create a group that is informational, and conducive to networking so we all do more deals and make more money, with NO selling speakers, gurus, or any other hard sells.  

He has been successful for years doing this and I've heard of others doing this.However, others have forewarned me about lowballing offers on the MLS because I will create a bad reputation amongst agents.

Im figuring with a price concession and a down payment the monthly costs will be low enough to create a nice CF.

Literally, it went from super high tax to super low next day.Prop 13 is a huge reason why families could move up, without it the taxes created such a burden that one could not afford to move or improve for fear of getting taxed to death.