While Wyoming LLCs offer anonymity and tax benefits, you’d still need to register it in Alabama and California, adding costs and complexity.If you are not flipping properties, there is no need for Rehab LLC.This post does not create a CPA-Client relationship.

So, just beware that you want to look at how you are doing business not just for your own benefit in a situation like this but to protect yourself from other issues as well. 5. 

I used tools like BiggerPockets to analyze deals weekly, and building a reliable team and networking with experienced investors helped me gain confidence.

Not sure, from what you're writing, what the benefit to the borrower was in refinancing, but there had to be something; cash out and lower rate are two that come to mind. 

But overall, I agree with you that people who can figure out how to purchase, should because they'll pay similar in monthly expenses and get the benefit of owning a place.

I do NOT rent to any real estate agents, brokerages, or property management companies as they would be a competing business and it wouldn't benefit either of our businesses to share a building.

What benefit would this give you?

The power of leverage is one of the main benefits that distinguishes RE from other investment choices, and the refi is where real wealth is made.

Also, in this case, it will probably be cheaper than renting and I will also enjoy all the long-term benefits of owning real estate. 

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations