Said I had to fund the LLC with cash and buy the house with the cash from the LLC.

For example:You can not charge too much rent for a given appartment (max would be app 600,= EUR/month)You can not evict renter: renter protection is really extremeYou can not raise yearly rent by more than the inflation rate (this year 1.6%)Most mortgage's are guaranteed by a special fund in case of defaultI'm targetting on appartments with after repairs value 100.000,= EUR (give or take).

Private money lending is another great avenue of funds for you to invest with.

Don't get in a hurry, you should have a good down payment and an emergency fund for a backup.

I have multiple investors that would need to be pre-qualified and funded.Lending specifications required:Hard Money or Private Money to fund rehab and close70% LTV based on ARV (after repair value)Ideal time frame to close once investor is pre-qual'd = 2 weeks or less.Average ARV is 70-85KPermanent Cash-out refinance80% LTV based on ARV with cash-outI am going to show a heavy dose of pleasant skepticism.

I have seen several houses but have yet to put an offer in on any house because the houses I am looking at are REO's and they usually require to have proof of funds when the offer is put in.

So you will either have to increase rent to about $500 per month or lower the price down, or get a better interest rate or get a 30 year or 40 year mortgage.....And finally your last problem, which might be your toughest hurdle (as i had this problem) Unless you are in good with your banker you will be hard pressed to find anyone to give you funding for such a low amount

I'm using borrowed funds to purcahse the notes, so I don't want to sit there paying my debt service for longer than 3 or so months without having an auction lined up.

Are you even slightly aware of the problems many condo owners in Florida have with their Boards, with escalating dues, with (perhaps non-existant) reserve funds and repair and maintenance that needs done, not only to the building but also to the common areas, with control freaks?

I now manage a RE investment fund.