BTW, QuickBooks (either version) lets you do full-blown real balance sheets which you need if you're doing a partnership.5.

House hacking is a solid way to get started in real estate investing. 

This is prime real estate, and is just about the last piece of land in this area.I have begun to develop a commercial property that I own with contractor garages, which is the extent of my experience in this space.I'm trying to get a sense of how to structure something like this, with using LP's, and also partnering with a builder, and carving something out in that regard.Does anyone have recommendations on who is currently working in this space and could provide some insight?

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

I have been listening to the podcast for a few months now and watching the "Real Estate for Rookies" YouTube show and I've been learning and also reading different books on real-estate investing.

There are a lot of really good people in the Memphis real estate community, and plenty of people will help.  

It allows the sponsor to buy and sell real estate within the fund as well, maybe doing multiple smaller deals.

This is a good baseline though of real costs that will get a project done. 

Here’s a more polished version of your message:Hello BiggerPockets community,A close friend has been encouraging me to get into real estate investing for years.

I'm still learning, but I'm glad I started investing in more real estate.