U will go broke that I can basically assure you or at least 90% chance this will not work and you will lose money.U would be better off making loans with that 3% 4% money at 10 to 12% and make the interest rate delta pick very good borrowers and let them take the risk on the assets..

Keep what u got and use ways mentioned above to make it work.  

@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.

U will never hit the numbers ever in renovations as there is no way to know the unknown.. just make sure there is plenty of margin above you all in price and cost of capital. 

U put the tank in then run a waste line to the curb with a connection.. pumper truck comes by connects there at street and pumps out the tank. 

The educational system in the U S is extremely lacking in the field of business/economics if someone can write a book as simple as RDPD and have millions of people say that the simple concept of if you save money and invest it in appreciating/income producing assets you’ll be better off than if you spend it on unneeded toys has radically changed their life’s because they never knew of or heard of that concept before.  

And they did it for years before my family bought that ranch.Many my age born in the 50s we did work in Ag in the 60s  I lived in Cupertino CA and I cut Cotts in the summer.. thats splitting apricots in half and laying them on a big wooden board to then dry naturally in the sun out doors.. hard to find REAL dried apricots these days U can still find them in Trader Joes though.. 

U can refi above basis you just cant write off the interest on the portion of the loan that is above your basis.. check with your CPA ..

thank u!!

1 thing; in this current market those are decent margins on such a low price point.Since I got no answer on my questions I can only *** u me that the $ partner is in a unsecured position, a no go for me.It would be cool though if more renters can buy homes.