Spread" is the concept where you try to earn a Return On Investment (ROI) that is higher than your Weighted Average Cost of Capital (WACC).

Investors typically have an ROI number in mind so ask them what kind of return they expect.

If the subject property could be purchased, rehabbed and resold for a 30% return on investment after everything, he would make an offer.

SMALL WAGES, BITTER COLD, LONGMONTHS OF COMPLETE DARKNESS, CONSTANT DANGER, SAFE RETURN DOUBTFUL.HONOUR AND RECOGNITION IN CASE OF SUCCESS.

The deposits and lease payments could be a quick return on part of the investment with the balance when the house[s] sell -- approx 2-3 years.

As a pass through entity, LLCs won't provide you with any tax benefits that you wouldn't have by just filing your rental property on a Schedule C on your personal return.

It would be extremly difficult to give you any advice if you don't know what kind of returns you're looking for, and under what time-span.

As Josh said, your best bet is to get cozy with an agent and work up some arrangement where they give you comps for something else in return.

You also don't mention if you paid a Realtor to find your tenants.My rule of thumb is that MONTHLY rent needs to be AT LEAST 1% of value of the house, but then I'm looking for a higher return.

In about 3-4 months (tax return + a sports car since I have two but don't drive it much anymore) I should have 10k in cash assets and be completely debt free.