I went last week and there was a phenomenal speaker (Cort Chalfant from Nexus Lending) who provided a ton on insight into not just Hard Money Lending but also real estate investing in general.  

@Shamus Quirk  many benefits to this you get an owner occ loan and rates compared to non owner occ.you get multiple doors for one of your 4 loan slots instead of buying a SFR.and well I am not all that sophisticated when it comes to fine tuning a P and L..

They need to clean/ paint the exterior, move some the fencing to create 3 more car slots, and clean up with the front yard.

@Jaleen Anderson and @Jason GorenchanHaving a blanket doesn't necessarily free up a slot for more Fannie backed loans.The rule is 10 "financed" properties. 

I will post after this for Rich Dad so we will have a slot for voting on that program.

thanx s lot Mary...that was very helpful....be sure to inform you about how the deal plays out

The Antelope Valley was my home for a couple years back in the 90's. Lots

Then, of course you don't have to wait to get on an agent's schedule to see the property (still just need listing agent's approval of the time slot).I think it's a good idea, in addition to the above, because it keeps you in the RE business.  

Typically even if you form in another state, you'll need to register the LLC in the state in which you're doing business and creating nexus.

I also had more than one occasion where a nefarious person new of a closing and new when our title co. recorded  ( they get time slots) and ran in an hour before and recorded a Trust Deed. so when I got my title policy I was in 2nd instead of first.. one call to Title and they had to make it right and then sue this person and or file a criminal complaint.