Protect yourself.Our loan documentation package includes several handwritten forms that the borrower must complete at various points during escrow to establish the intended use of the funds.

Myself being a GC, developer and construction consultant as my main business... the question of GC licensing has never been a factor in lending or in selling for me. 

I formed a partnership with my favorite people (my parents and my two adult children).

Again, have to be self employed to do this AND rates are higher on these loans.You will be able to add back your paper losses on your rental business by your lender using this form (if they are competent which not all when it comes to investment real estate) :  https://content.enactmi.com/documents/calculators/Form1038.C... 

I really don't want to have to change our name/form a new LLC, AGAIN....   

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

If it is more than one investor and pooling funds and deals then that is a completely different animal where you would file for a SEC exemption through a form D then ahve to file with each state the investors are in and have a subscription agreement and other docs drafted. 

For me, it is and it's just the cost of doing business. 

my research shows 2.99% fee with Debit or Credit card to tenant if they pay use these forms of payment.

It was a spec/investment project for me.