Then if you got the zoning change approved you will have to make 2 functional units which at a minimum will involve walling off separate sides, adding at least one exterior access point, and a new kitchen in one of them.

I fixed somebody's screw up like that before and believe me it is a huge pain and involves a lot of cost.

Look forward to seeing your involvement.

These notes will have more due diligence involved with not only the note but also with the seller/holder than other notes, this is not where investors should begin.Due to the ripoff artists of the past in seller financing to homeowners, Dodd-Frank now covers lending by a seller of non-owner occupied homes, you'll be a lender at some point and will need a license.

To be clear circumstances are not "I want a new house", circumstances are "changing jobs more than a reasonable commuting distance away", "getting a divorce" and "increased family size".

Put distance between you now.

I look forward to meeting others who are involved with investment properties.

I am also an investor myself and am always looking for deals to become involved with.I have been in and around real estate for about 14 years.

Here is the link to setting up your "REI Friendly Team" in metro Indianapolis. http://bit.ly/REIContactListThese are all the people I've come across that are involved with REIs full time.Make sure you respect their time and they will help you move forward in your venture.

If your a buy and hold investor, are you planning on putting the properties into one persons name and getting traditional (30 year) financing (traditional mortgages are for individuals, not LLC's) An umbrella policy for a few million is a cheap way to take care of liability, and even if you have it in a series of LLC's and your 5 entities from it, if your involved in the rehab, and someone gets hurt because of neglect or something you should have know, you liable...and if your managing a rental and something goes wrong, your just as liable.