My Story: When I first started my journey in real estate investing, I was primarily focused on my military career.

However, if the LLC is purchased, that purchase is NOT a recorded document, and hence more difficult for a lender to ascertain, as long as the warranty deed itself is not transferred and recorded. 

It’s far more difficult to form the HOA, obtain the approvals and new tax ID’s than it is to extinguish the existing one and would advise against it. 

My mom has poor credit and about $30k in revolving debt, so it would be difficult for her to qualify alone.We would both prefer to hold the property, but the risk of tight cash reserves is concerning, especially if the rehab costs exceed our budget.Legal ConsiderationsIf we decide to proceed, we’re also weighing how to best structure this deal:LLC and DSCR: Would it be better to put both of us into an LLC and use it to apply for a DSCR loan?

Real estate is a difficult to implement, but simple to understand business.

It is difficult to cash flow in most major cities2.

I live in Dallas now and I am trying to figure out how I should start my career here as a real estate investor/flipper.

Changing whole buildings over isn't always practical (or prudent) and we will be running buildings profitably with galvanized pipes in the walls for the rest of my career. 

I've had multiple partnerships in my career.

I think I have a good but expensive system of finding the sweet spot of ADR / Occupancy, but I think that is the most difficult part nowadays.