Always keep in mind when buying a property without an inspection that if you go to sell it the buyer at that point more than likely will do an inspection, especially if they’re using a realtor.

So, using my seed money for more properties is better than using it for one property, and perhaps, using a little bit to start with one property to gain experience learn and then increase from there is a better way to go.

From what I recall it is addressed using a 1 page addendum that says something to the effect of "the borrower is partnering on the purchase of the property with the lender, and is paying a fee equal to XYZ for the sole right to the ownership of the home".

I am using a mobile app that tells me how much to save and which property to payoff.

Hi Steven,As @Noah Corwick mentioned, using a PM would probably be the easiest way to go.

flips (same for BRRRRs) are far from passive even using a GC.  

There are properties across multiple-markets out there... which can provide a nice positive cash flow while only using a portion of your available funds.

However, here is my two cents :)I have been in this exact situation (along with people fabricating their pay stubs, and even using a dead persons SSN)...

If someone sues you and wins, they can only take the LLC that owns the property that was involved in the lawsuit.Best: Using a combination of LLC and land trust to protect your rental properties.

@Albert Hasson Cautiously optimistic is the phrase I'm using as well!