I'd be seeking someone to fund the down payment of the deal and I would be responsible for property management/bringing in funds for initial renovations for a profit/split.

@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.

Lenders will want to see the filed Articles of Organization, an Operating Agreement that you can get from your attorney or, if you're brave and it's just you on the LLC, some people use Legal Zoom or Law Depot.

Hird, Attorney at LawThe Hird Law Firm, BOARD CERTIFIED COMMERCIAL AND RESIDENTIAL REAL ESTATE LAW, TEXAS BOARD OF LEGAL SPECIALIZATION.DESIGNATED EXPEDITED 504 CLOSING ATTORNEY, U.S.

I am about to buy my first property in Ohio and I would like to gain as much information as I can in regards to the different legal issues of which I can face in Ohio.

This kind of govt nosiness and overreach is why I initially decided against the financial planning industry before starting in credit. you can thank 2008 and all the fraud that went on for that.

Read my book, Brandon's book, or Every Landlord's Legal Guide by NOLO and learn how to proactively manage your property well. 

As to structure and conflict of interest, I was initially planning to structure it as an equity fund but was told it might be more attractive to investors as a first lien debt fund and to use it as a bank for the LLCs deals.

Most credit collection agencies are limited to sending demand letter for an initial fee of $200 to $240.

My line of thinking is, Airbnb allows "Legal Entities", IE a multi member business.