I will spend around $5000 - $7000 a year for tax planning and filing.

.: Quote from @Greg Scott: Based on my experience with Hard Money Lenders, this post does not make any sense to me.Did you not file the loan documents with the county as a lien on the property?  

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

Risk Management: Be aware of the risks involved, such as unexpected renovation costs, property management challenges, or changes in the housing market.

A few questions:Have any of you been in a similar situation where multiple partners were involved?

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

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.

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.  

You don’t get involved personally.

It all stems from an angry neighbor filing a complaint to city and calling the home a boarding house.