If your goal is to eventually solicit from people who are not your friends and are looking for passive income, then you need to consider establishing a syndicate.

Establish Track Record (Small Deals & Personal Equity): Most GP's start by acquiring/developing smaller properties where they alone can fund the equity side of the capital stack (IE - no raise). 

I could just get better at establishing relationships with the trades and hope that my cost to manage will go down in the future.

This is where expert due diligence comes in, so as to avoid gambling away your business.Expert due diligence is crucial when it comes to business transactions.

Also, is there any reason I would need to establish an LLC?

It sounds like you should bring on an established PMC as a partner to help walk you through the steps of growing instead of trying to learn everything on your own.

Yesenia,Feels like a straightforward DSCR loan, base it mostly off of the cash flow of the property itself inside an entity and maybe take a bit of a leverage cut as a foreign investor, but very doable.Do you have an LLC already established? 

The detail in my post was to convey the timeline and establish that the leak was reported in a timely fashion.

AI developments are being referred to as more significant than the Industrial Revolution by very intelligent and established tech leaders.This IS going to change things drastically and probably much quicker than most realize.The question I have is this:AI will likely be the most extreme deflationary effect ever experienced by mankind.

OTOH: for someone who’s more established.