Joining some local real estate groups will expose you to individuals who can provide you with local investors.

I have been talking to a lot of the locals on the site and plan to start some meetings with like-minded individuals when I move back to VB in a couple of months.

i have to agree with j scott, he has a great list. i find, most individuals want a turn-key operation. they want something that is 100% ready to move in after closing. anything short of that, and people want you to deduct huge amounts from the asking price.

Again point well taken on individual goals.

My agent (& I love her dearly) hates him & prefers a useless individual that I used once but never again.

Thanks for being one of the many dedicated individuals who served this country.I'll wait for the locals to chime in on your area (I'm not) but read up here, listen to podcasts and enjoy the information overload!

Goal is rental cash flow for 3 years, with the plan to sell the properties (either individually or as a parcel) after year 3 -depending on market conditions.Since I am doing most of the work - any idea what would be a fair split of ownership management and other fees?

As I grow, I can then set up other LLCs to keep key properties separate, or segregate my rentals once I own 10 or so in a specific LLC.Having the manager being the managing partner across all LLCs will allow me to have one single checking account to manage all of my rentals no matter how many LLCs (elected as partnerships) that I eventually have.From an insurance perspective, I Just plan to have an umbrella policy for each LLC and individual property insurance on each property.All good so far (I think).

I don't know those two individuals but that's the question I would have.

you can't get a traditional mortgage (30 year low interest, etc) in a LLC,,,only individuals qualify for conforming mortgages,,,you can have up to 10 mortgages including your own home,,so slowly add a house here and there until you get to the 10 limit,,if done properly you can build cash flow up that will be flowing in and increasing with time and more properties.After you hit the 10 limit you will need commercial financing,,thats when the LLC will be needed,,,others will say form an LLC and put your rentals in them now,,but by doing so you are losing out on locking in the low rates we have now