As far as meetup goes I am aware of the los alamitos meetup meetup because the host of that meetup actually co hosts another meetup with myself and my partner in newport beach!

A LLC is a pass-through entity, so everything ends up flowing to your personal taxes.Your real issue is that the co-mingling of funds is a big no-no for asset protection.

I'm not sure if someone has mentioned this to you, but you could convince your parents to co-invest with you by showing them you are WELL_EQUIPPED to manage a property. 

Down here in FDL and Washington Co we dont have any issue and do not discount 

I worked as an MLO for a brokerage in OH before moving to CO and I learned the ins and outs of traditional lending which I found valuable.

There are a few factors to include, such as cost of setting up the LLC (I am in Colorado where it is cheap and easy) and asset protection.

Check with the city or county planning and zoning department to get an idea of what you can build and what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

Tread lightly my friend and try to turn over every stone, have a title co. do a search on the property few hundred bucks now could save you thousands in the long run. this person does not know the bank or how much is left on the loan, does not sound right.

@Ryan BarnettMy team and I are working on a community development project on Colorado's Front Range.

I did this in Greater Denver a number of years ago and wound up with 400 good leads, all of which were buying (and selling) at least 3 properties over the prior 12 months.