I have been speaking to PM companies and am now debating if I should use them with this renter (providing that she does rent it) or if I should tackle this myself.

I'm running negative on them...I'd like to hold for long term....so trying to figure out the best way to do so.

If it was looked at where the Seller provided terms only beneficial to the Buyer, that could have negative consequences.

You put together Other Peoples' Money, structured through an LLC, with the goal of getting an asset-based loan for this $50,000 house.Maybe you want to put e.g. 25% down, etc. on this property, but hoping not to have to pay all cash for it.Generally speaking, how much assets or cash would this LLC have to have jn order to get a bank to write a loan for this $50,000 house?

I would really like to speak with some people in the local area for mentor ship if anyone is open.

That said, start reading the wholesaling forums, learn about how real estate transactions work, and perhaps speak with a local attorney who is familiar with real estate contracts and real estate law.

Yea, you should go speak to an accountant on the matter.

Brandon speaks truth. :)

On it as we speak - finally!

Your financial discipline in being essentially debt free is very admirable and speaks volumes.