You have one STR, and you want someone to bring all of the money for your second?

This would allow you to indefinitely defer all of the tax if you sold, and use the tax you would have had to pay, to purchase something nicer in an area with a greater growth potential.   

This was pre-internet for this sort of thing, so I drove into town and grabbed all of the real estate magazines from the Maverick.

You will get to the same answer Ihave.Luckilywe are all the same.

I would prefer to start out here in Fayetteville, NC but I'm not opposed to other markets at all.

Hey Mark, welcome to the Forums.Wishing you all the best on your journey.

If you are using their contracts, I could see how they can ask you to comply, but you should hire an attorney to draft your own agreements and simply disclose to all parties that you are licensed but acting as a principal.

Nice to meet you all and looking forward to learning and growing with each other.

In these cases, the mortgage remains in the name of the investor; however, the LLC typically handles all mortgage payments moving forward. 

PS I’m all for buying real estate , but we know that having a  job can be a blessing for many people starting out.