We recently did a loan involving a borrower with a mind-numbing operating agreement involving nested LLCs, retirement plans, and individuals. 

Please do your research before getting involved with this "Guru"Many members of bigger pockets can attest to this.Regards,

I'm still learning the industry,  but I have been able to partner with a CDC based out of texas and they have been a great help and they have allowed me to get involved with getting investors for their project and I'm definitely excited for it.  

However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.

You don’t get involved personally.

When I was doing the BRRRR method and leveraged a HELOC for these purchases, I was using my W2 income to put as much back into my HELOC as possible.

With this particular method, when you purchased the homeowners insurance it would have listed you as the owner, but when the claim is filed your LLC would be the owner.

My name is Chris, looking to start getting involved in making some passive income.

The government does not want you to have any day-to-day involvement in the investment.  

I'm struggling to find a good example that doesn't involve shared laundry.