Regardless of your approach, forming an LLC is the smartest choice for protecting yourself from potential liability caused by the numerous tenants you will be hosting in your property.

Hehe, I can check but it is a multi million dollar fund.

If you're looking at commercial real estate and considering SBA financing, you need to know the difference between the 7(a) and 504 programs.SBA 7(a) Loan – The Versatile Option✔ Max Loan Size: $5 million✔ Down Payment: As low as 10% (varies by lender and deal structure)✔ Eligible Use: Real estate, working capital, equipment, partner buyouts, business acquisitions✔ Term Length: Up to 25 years for real estate (10 years for other uses)✔ Interest Rate: Variable or fixed, typically Prime + 2.75% (capped by SBA)✔ Key Advantage: Flexibility.

I'd be willing to pay more, but no one offers insurance, and it makes me wonder about the expensive area where the fire occurred today, where the houses are worth millions...this is just crazy.

So, some quick back of the napkin math for the theoretical turnkey scenario you described above:- Purchase price: $2.5 million- Down payment: $850K- Loan amount: $1.650 million - Gross Scheduled Income: $288K- Operating expense ratio: 35%- NOI: $178K- Debt service at 6.7% interest = $128K annually - Before tax cash flow = $47,1999 - Cash-on-cash Return in Year 1 = 5.55%A $47K / year return on an initial investment of $850K seems pretty modest, no?

One thing I have seen is someone wanting to own directly but buying in the 2 million range.

However, making a million is probably easiest through real estate investing.

Subject A's total net worth is roughly 6 million dollars. 

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I did another podcast today and the host asked me this question.