Shaun Shaun,I am a "specialist" and currently a business owner of a design and drafting company in CT. 

Some investors also use a business line of credit backed by their cash flow, which can help with future deals.If you’re planning to scale, maybe start stacking that cash for the next property or even park some in T-bills for short-term returns.

Hi Davis,I live in NC but invest primarily in Greenville SC / upstate with my business partners. 

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.

We vend out mostly Ave none of our vendors want to use the vendor portal to communicate—they have their own business management systems and don’t need to bother using a new one just for us. 

I would be leveraging my relationship with my family member to wholesale the property for experience and getting them for investment in my real estate business while my family member gets rid of a property, hassle free, while getting paid.

If your state is an expensive one it might be cost prohibitive to have an LLC for a small rental business.

I personally do not touch equity in my own home to incorporate into my business.

Dig and remove around 200 square feet of an old concrete driveway, frame and lay down the concrete (concrete will be ordered from concrete supply business) and complete a brick ribbon around the driveway.

Yours appears to be a business-purpose (investment) loan.