You should have an LLC for each property to minimize risk and liability.

His time spent on each project is super minimal but I need his ability to pull permits and construction expertise to spot check subcontractor work while I am studying to take the Residential Builder Exam myself to get my own license.

If at all possible, minimize your living expenses (live with your parents, or house hack) until you get established with your real estate business.Any hobbies you have, seek out others with similar interests and build relationships. 

Hi @Diana Tran, it’s unfortunate that you’ve experienced working with dishonest people that you expect to have your best interest in mind to minimize your exposure to risk and ensure your success when investing in real estate.

On this product you will need a minimal of a 15-20% down payment.  

My primary question is: Should I focus on buying a multifamily property and growing slowly to build a stable financial foundation, even though my area would have minimal cash flow and be more of an appreciation play?

Not all but many scammers like to be GHOSTS providing minimal information as possible to engage a consumer in the marketplace. 

At minimal the personal loan would be incorporated into your debt to income ratio when you apply for the financing on the purchase if you were trying to qualify on a full documentation loan. 

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So $11,222 times 22% is $2,468 - leaving you a true profit on the house of $8,754 for an all encompassing 6 month intensive project that you will likely feel lucky to get out of with that profit, because you did your very best to minimize expenses along the way.How do you quantify this number?