Or is it a portion of the all in business venture? 

Havent ventured past Santa Maria. 

.- Business Setup: I’m setting up a new LLC specifically for this venture, which means the LLC will have no prior credit history or track record.- Investment Location: I plan to invest remotely in Birmingham, AL.

I have no real estate experience, but I am looking to venture into it.

I say them so that you can be better prepared to deal with reality.

Be prepared for the challenges of managing a property from a distance.Good luck!

Stay prepared, stay resilient, and always keep your eyes on the bigger picture.

For out-of-state ventures, a property manager may be required even if you intend to handle it yourself.

We are interested in going in this venture together for to purchase a multi-unit. 

How that is addressed will depend on whether this is a new venture funded with cash, an acquisition, a round of expansion funding, etc.