What is the best way to handle it so that both LLC members have a skin in the game?

But if you did the property up right with killer design and great amenities -- I'm picturing cool wallpaper, a game room, boho/modern furniture and a hot tub -- I can see a place here doing well as an affordable Airbnb/STR option just 10 minutes to downtown Denver.

One small point of criticism; we were there in the winter and in the evening a lot to play a game or watch TV.

Unfortunately it's a game, and it's just gotten more and more convoluted since TX doesn't regulate Roofing, like foundation work, so anyone can grab a hammer and ladder to say "I'm a roofer!"

This makes it impossible to pull ALL cash out and REPEAT with my initial capital as they want some "skin in the game".Am I talking to the wrong people or was I under the wrong impression that BRRRR's involve all cash out based on solely 75% or 80% ARV?

I know many of us didn't get into this game until later in life so my hat's off to you.

they'll be able to guide you on what programs are available, how much you'll need to close, what you would need to get pre-approved, etc.if you start with a house hack you're going to be ahead of the game in the long run, so it's OK to be patient for a year or two. 

Anything underneath that is fair game.

Good for you for staying ahead of the game 

We started out kind of at the same time, and made similar money, both self employed attorneys with successful firms, but not huge money guys by any means.He looked at the LA/So Cal area, and said "none of this makes sense, you cant cash flow here so I am not investing here" and i said "I believe in so cal real estate, i will invest here, live here, and play the long game"So I started house hacking here in LA, and doing the more traditional deal. he rented in a place that he liked to live (by the beach, where nobody can afford to buy) and started buying stuff in Chicago, where he is from.He still rents here- but 10 years later, he owns 400 doors in chicago and could retire if he wanted to (but isn't).