However, make sure you fully understand ALL the federal and state requirements around owner financing and Rent to Own/Lease Option agreements.  

How much in liquid capital reserves do you have (most banks will want to see around 6 months of PITI payments sitting in the bank)

With a reserve mortgage there will have to be an appraisal done and it cannot be sold any amount lower than 95% of the appraised value or the full amount due on the mortgage (whichever is less).  

And its sounds like our one of the blessed one's that has super credit strong reserves and track record with your local bank so you can borrow at bank rates.

That was before the run up and I was amazing to me that people in the industry had so many reservations about it. 

A few months later I was deployed again with my reserve unit (I'll be coming home in late February) Well, with my free time I've been researching real estate investing and think it's something I could really get into.

An LLC unless it is a single member LLC can not be a shareholder in an S Corp.Form 2553 is used by an eligible corporation to elect to be treated as a S Corp which allows the income to be passed through to the shareholders and not be taxed at the corp level at least on the federal level.

Hello, I was wondering if a person could take a 100k and buya primary home worth 75k (25k in reserves) Heloc it for60k buy another home, repair spit shine & polish to get it appraisedup around 75k heloc or % only the property for another 60k, buy another then another, keep them until the helocs end then put a for sale sign in the yard.

That way they can sell them on the marketreducing their reserves and contracting the money supply.

Do you need a good monetary reserve?