Even though you’re out of cash, you might be able to finance some repairs or negotiate with contractors for a payment plan.### 3.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I'd recommend attending local real estate meet ups to network with other investors and contractors if you plan to do a renovation.

.- Pricing 'should' be better from the perspective of fees, contractors, rates, etc. that the sponsor gets vs. me as a solo investor.- I don't care if the investment is less liquid vs. an ETF or REIT and I would aim to hold it for 5+ years at the bare minimum.Some other questions I had and would appreciate any advice:- Is an average minimum of 12-15% irr reasonable for syndicated deals ($10mm - $100mm) with an experienced sponsor?

General Contractor?

The biggest thing though is wherever you invest you hand select a great team to help you get started from a great realtor, contractor, property manager, and attorney

Please also pay attention to requirments for posting notices and registration because if you into a sticky scenario this can impact the outcome in court. 

@Tasha Smith I've been investing in Champaign, IL the past 8 years and the foundation to my portfolio, because of the PEOPLE and contractors being in place helps speed decisions up.

Find boyfriend that work as contractor, seriously LOL rather than pay 40k for the guru.My very best friend now is my contractor.

Just don't know what kind of contractor I should be looking for, drywall/ceiling repair or I need to call water mitigation contractor first to have the ceiling dried first