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.

If you are a BP Pro member they may have a lease in their downloads for you.

It was a spec/investment project for me.  

Perhaps a bank statement HELOC would work for me... still figuring that out.Any other creative ways to get money for a rehab? 

https://docs.google.com/forms/d/e/1FAIpQLScJ6HcyRJGSLyP9_xX5...

People with good incomes have historically done well in either the market or real estate over the long term.For myself I cannot stomach the gyrations in the stock market so for me RE is less risky but I am not living entirely off it either. 

What works best for me with 400 units may not work well for you with 100.