We found ourselves wasting an obscene amount of time doing our due diligence where we doubt that the vast majority of bidders actually understood the costs involved in the rehabs.

.- OP has not indicated they will involve HOA even though multiple replies suggest doing so.OP asks for advice, but seems to ignore it.  

I wonder how involved would I still have to be if I hired representation?

A few questions:Have any of you been in a similar situation where multiple partners were involved?

Please do your research before getting involved with this "Guru"Many members of bigger pockets can attest to this.Regards,

We recently did a loan involving a borrower with a mind-numbing operating agreement involving nested LLCs, retirement plans, and individuals. 

I'm still learning the industry,  but I have been able to partner with a CDC based out of texas and they have been a great help and they have allowed me to get involved with getting investors for their project and I'm definitely excited for it.  

Interesting how the best option for learning how to make a cake didn't involve spending lots of money on a cake making training course...  :-)

However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.

This modern home is part of Griffin Modern's mission to create affordable, high-quality residences within walking distance of downtown Griffin.