I find it disturbing how many "business models" are all about suckering people into buying and even use skillful wording to deceive people into signing up.

Because later on, if you want to get a business line of credit, apply for grants, or pivot into a different industry (like buying an ice cream truck—hey, life happens), you can use the same LLC without lenders or banks assuming you're only doing risky real estate deals.

@Benjamin Seibert were you looking to flip or buy and hold?

Buy a sofa and keep the sofa bed to keep the extra-capacity, at the risk of cluttering the living room too much?

Maybe she’s financially illiterate and won’t see what a scam your seller finance offer is, but she did have $100k laying around to buy the property, so probably not. 

Then, if you can trend over time you'll want to see where the "path of progress" is going/moving and attempt to buy in that path of progress to gain some appreciation in the future.

Quote from @Cameron Marmon: Hello everyone,In July 2024, I created a partnership LLC with my girlfriend to buy a rental property.

Hi everyone,I am an out of town Michigan alum that's contemplating buying a SFR/Duplex as an real estate investment in Ann Arbor, preferably close to central campus and/or close to one of the University bus stops. 

The formula that is sticking out as a potential to me is what I have been doing quietly the last 6 years: buying a cosmetic SFH fixer in B areas with 3% down, live in and renovate, long term rent and repeat.

If you ask for a CMA from a local PM, you will be able to make sure the numbers make sense before you buy!