@Shane Cordrey - Are you looking to primarily invest directly as an owner operator or have you also considered investing as a Passive Limited Partner in Multifamily ?

My four adult children are out of the house; so, below are goals for our 11 year old and me.Read 15 minutes per day and log it.Set limit on daily electronic use.Clean up after himself (toys, push chair in, dishes, clean bedroom, clean car).He plays sports and has a few tough baseball goals that he works with me on (inside/out swing, pitching mechanics, 3B fielding). 

Some of these will have buyer premiums over the top of your sales price and almost all will have limited inspections.

What’s the upside to the LLC that you obviously didn’t need for property you’re selling.It’s not going to give you a tax advantage, a privacy advantage or a liability advantage.

However, it can feel limiting if you’re aiming to create your own path and may not cover broader skills deeply.An on-call advisor provides flexible, tailored guidance, helping you tackle issues as they come up across various areas.

The federal and New York tax credits reduce tax liability but don’t provide direct cash, so the effective monthly payment may rise if credits aren’t reinvested.

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

If not, you can always increase the rent to market value, but my guess is it being California, there are limits to rent increases.

An umbrella goes over the liability end of coverage only.

Buying with cash simplifies management, eliminates interest, and increases immediate CoC returns but limits scalability and diversification.