This is for the purpose of having a strong foundation that will minimize risk from any “Black Swan” event and will also increase your long term cashflow.When investing in real estate or business in general, one should always look to protecting the downside first before looking at the upside.Just my opinion 🤷‍♂️Regarding your $50,000 budget for turnkey.It will mostly be C or D class which I would advise against.High crime, lot of volatility, unemployed tenants and property management collects rents with a bullet proof vest and shot gun.On paper things look great, in real life they are much different.On the other hand, if you DIY in a markets like Ohio, Michigan and Indiana.You can definitely be into a B class asset for $50,000 purchase and rehab.Wishing you much success

My decided brother's land was bought from tax lien and he got court paper

It might work for your borrowers, however.If it’s ok that you are not the direct lender, but you still want to control the deal and take a cut, there are other options, so you don’t have to say “No” to prospective borrowers:You can originate loans using white paper offered by many larger lenders.

Then I ended up in bed with the bowl and a roll of paper towels!

They were very respectful of my space, despite all the commotion, and they even brought their own toilet paper and butt wipes, ha ha! 

If my wife and I are both members of the same LLC then we will have to file this K-1 paper?

In other words, is this a true Co-Hosting situation or just on paper and you have 100% control of operations?

This is current take home- even though its not papers.   

the deal works really good on paper , its not in a bad area its actually in a decent little community with a k-5 across the street and all that. neighbors are cool too . just met them yesterdayPretty much all systems are go , the wife is on board, the price is right , otherwise a great deal but these weird things the guy that built it chose to do..

Again, you should be able to put this into motion as long as you start a paper trail now, if you haven't done so already; you want accounts from different Tenants covering different instances in writing to show a pattern.