He directs a percentage of personal project earnings to the cause of homelessness in Los Angeles to provide aid and raise awareness for those less fortunate living in Southern California. 25+ years of sales, management, real estate and business development experience.

Hi, I would like to start REI in Florida but have been told by 2 banks already that as a foreign investor it would be best to open an LLC and get the loan under the LLC instead of a personal loan.  

You have to know the numbers, dont trust the person selling you the property to tell you what the numbers are.

Write it up as a personal letter.When you do all that, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash.

I don't have experience with closing this type of deal and figured learning from someone who does this is the obvious route.I'm not looking for a guru, but a real person who can show me the ropes.

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Don't worry about NOI from what a realtor is going to tell you because each person will likely come up with a NOI, and would you trust their response anyways?

I went to one of the free guru seminars,  signed up on BP and my local REIclub, I'm starting the 75 hour course to become a licensed real estate sales person and  Ive been reading through the forums and posts here on BP as well as well as webinars etc.

Or to ignore the hassle of a FHA 203k or construction loan, you could conventionally finance the house, put your 20% down, then finance the renovation by other means--credit cards, personal loan, car loan if you have equity, private money from a relative?

I think you should ask yourself why is a person going to pay higher than market rent for this property?