You can eventually refinance all or most of your funds if not done correctly. 

I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.

Of course back then we were getting “screwed” with 6-7% rates.

For an example, we Googled, "hourly rate for handyman Austin, TX" and got this:AI Overview: As of January 2025, the average hourly rate for a handyman in Austin, Texas is between $25 and $25.28.

it makes for a very juicy internal rate of return.

Leasing, technology, interest rates, sustainability, AI, etc?

From my experience, if I had started in real estate right after school, I would have very little network and little to no funds for the RE exam, CE classes, and networking registrations.

Generally that means a separate bank account (no co-mingling of funds) and you are following the operating agreement, which could mean a meeting with annual minutes or showing that a vote was documented on decisions that require a vote as @Justin Polston noted.IMO LLCs are completely over-sold for single family.  

When you are going through the approval process- we do request liquidity or proof of funds.

Now they want to put the properties into RE Gain Fund, LLC UpREIT (which appears to have been established in 2023).