One thing I wish I knew starting out was the true overhead of running a RE business it can be pricey if you don't run your numbers right.

Hey all,Just wanted to introduce myself - bought a duplex in Los Feliz over the summer with a few business partners and will be renovating the property while living there.

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

They seem to be trying to use a PMC model designed for Class A properties/tenants for Class B, C and sometimes D.Can't use the same business model for all classes of properties/tenants. 

@Eric E.UBIT only comes into play in an IRA on leveraged real estate and running an active business.

Send me a PM - our business specializes in designing flips and STRs across the US!

It's too much like the hospitality business rather than a rental. 

Just don't forget that this is a cashflow business more than an investment.

Quote from @Matthew Paul: I understand how businesses work.

Might want to tuck that (and your TWO years of experience) back in.I guess if you consider doing 80% MORE investor business in 2024 than I did in 2023 "slow", okay then... ha ha ha.But hey - if people like you insist on being a complete jerk here, showing everyone exactly who they are, as Mel Robbins says, I'll "Let them".Who are you, again?