Would the best practice be to form a new LLC where all four of us are managing members?

Having funds in hand and having had them in hand for a week, and demanding a verification of funds from the paying bank is a rotten business practice. 

None of the above works unless you take action and put it into practice.

Each input is so helpful and practical. 

Hello, I am currently doing long distance flips in Pittsburgh, PA and I am from Long Island, NY. I have found all my current flips on the MLS and want to start building a system for deal flow in order to grow. How hav...

The board of the HOA has reached out to some carriers, but what they're finding is that many large nationwide carriers have a practice of not insuring clients that filed claims in the last three years. 

However, I recognize I still have much to learn.I would highly value advice from veteran investors on finding the right opportunities, understanding regulations, financing projects, and overall best practices.

@Oliver MartinezAssuming you qualify conventional lenders can do those deals, but the issue is they make practically no money doing small loans sub 100k.

It wouldn't be, but it's also a fund made up of US Treasuries, so you get practically the same amount of insurance since both are backed by the US Govt.

You could potentially sell the property and pay practically nothing in taxes!