@Olivia C.  6% is less than I pay my commercial bank for A and D or construction I pay 1 point and 5.5% and I borrow at the best rates available.. anyone getting funds cheaper than me is getting them from ONLY family who is subsidizing a relative or frankly someone who does not know any better ( you) and I don't mean this as condescending its just a fact... 

Set Up a Separate Bank Account for the LLC Again, this isn't required, but is probably a good idea.Don't forget registering with your state DOR and DOL, and then paying all taxes when necessary.

If you're willing to tolerate higher risk in a D or E area then you might set your minimum at 10%.

.- Here's the thing - I made 18% last year on a income that is guaranteed from section 8 on a little single family brick home dor example.

If it’s D or F class that’s not good.

.: investor is passive), even if 1 person, you are issuing a security and therefore must a) register that security with the SEC, OR b) Find an exception to registration (typically Reg D) OR c) its illegal.  

(Builder's options were basically pick color pallet A, B, C, D, or E)  My roof is  more gray than yours and I don't have the reddish brick, so those may make my colors look too green. 

Any PM will tell you it takes days ( not weeks ) to rent these smaller units Property is being sold at distressed price and already has cash flow with some leases.I am open to fliping the contract preferably JV—I Would do a 50/50 JV -as this is a Cash Cow opportunity that I would BRRR PM dor full details including appraisal at much higher price This is only for someone who has funds available , there is no time for lengthy doc processing .

I personally would stay away from a D or bellow Thant D area.

Not naive, I've managed 80 units that were D or less so I have a fair idea what I will be getting into.