You are responsible for maintaining safe and healthy living conditions for whomever is living in your property.

I personally focus on wholesaling houses that investors can be into for less than $30,000 and rent for $850+/mo in safe neighborhoods.

However, in either case much like you don't get an LLC to drive down the street I am not sure it is a necessity.This is even more true because if you do the LLC wrong it is not useful because someone could easily pierce the corporate veil.

P.S. they would not give me the mortgage service pmts so It's safe to say this property is in the hole for the past 5 years even if there payments were $500 a month.

So you need to take the time to figure out your own “why” so you can maintain the motivation and drive you need when things get hard.

What drives the success of this deal is the equity partner that is in line that will recapitalize the seed money.  

i've been driving for dollars and getting my money together for marketing for wholesale RE.

i've been driving for dollars and getting my money together for marketing for wholesale RE.

My kids and I went alone to West Tx, to check out what we are dealing with, and felt absolutely safe in the neighborhood and house.My father in law left over $20k worth of packaged brand new appliances and materials in the house since he stopped construction in 2014- and everything was there and not tampered with when I went last weekend(!)....

I hope this will drive more interest.