issued guidance saying that you can use LLCs if you get approved to do so.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

@Maurice Smith 2nd vote for RL Management.Regarding owner payout timing, it's easier to pay sooner for Class A rentals, because the tenant payments are more consistent.As you go from A to B, to C, etc., tenant payments are LESS consistent, so many PMCs opt to pay owners later.

Every adult must be screened and approved, period.Here's a detailed guide on how to screen applicants: Application Screening Guide

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

This year’s most popular areas are known for being fast-growing cities with plenty of new development, with healthy job growth in Florida and Texas in particular.

you could ask lender for more time or also file bankruptcy.

This way I'm aware of the end buyers buy box before I go locking up contracts with sellers.  

This multifaceted approach can often shield them better against market downturns, providing a more resilient investment option. 

Typically, I avoid using a series LLC in Illinois because each cell requires state registration.