Advice for first deal- financing etc.

[Nicole Groenewald]

Alright so I’m working on putting things in place to see if we can’t get our first Brrr deal done this year. I have a potential private money lender. We’re looking at doing a single family home, maybe a duplex. I have a few questions... How much do you usually set aside for “overhead” - drawing up legal documents etc. ? If the deal is structIred as a partnership LLC will it make things more complex or even delay my family from buying our first home, owner occupied? I‘m in Houston, Tx if that makes a difference.