@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you did I would love to know which one it is.

This will also allow you to avoid taxes on the sale.

I prefer the forum used for investors with actual questions.I am not a fan of what you call reverse trolling.I am not a fan of posts in the forum which have no questions and are basically blog posts.

Or do you mean 4 SFRs on that lot, which would be a different story?

If you know where to look and have the right time, you can find properties that cash flow.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Thank you  you can only use your equity if you have the ability to pay it back.

The only place this would appear to make sense is in Class D neighborhoods which could cash flow.You have rights to income but nothing else - sounds like an unsecured note at the end of the day.Chris you make good points.  

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement.