Thanks , @Chris Seveney, I am hoping to avoid those double digit interests, but good to know it could be an option if necessary.  

That would be an important piece of info. 

In your circumstances, the owners will 100% have to personally guarantee any loan to the LLC, so this won't be an issue.

To say Oregon coastal housing inventory is limited would be an accurate assessment. 

There's not really enough information to understand exactly what you're working toward, but here are a few examples of how you could structure a BRRR with a private lender.It could be an equity split with preferrential payment/buyout, a simple interest monthly payment until refinance, a long term partnership or a hybrid of some of these. 

An entity is considered to be an owner if it holds record title to the property or has an equitable title or right acquired by contract with the record title holder.

Hey Malcolm, debt financing shouldn't be an issue; with a DSCR loan, you can borrow within an LLC, and it does not need to exist for a certain period of time.

There is NO getting around the fact that you own the property/business other then a TRUE no-recourse loan (which will not be an option for small mom and pop investors) and no if the loan is on your credit report has no effect either as credit report is NOT the only source.The premise of DSCR loans is for borrowers who cannot qualify for full doc loans for one reason or another, but it seems the real premise of DSCR loans is because of the commercial purpose designation is that a lot of states do not require licensing of any type to sell these products.

But here is the thing when I reached for my phone to invest I couldn’t, because it's not as easy as buying stocks with a single click of a button in a specific stock exchange app, let alone searching for the right deal if you have time and if you don’t you gotta leverage it to someone who Is going to find the deal for you, after that, you will need to apply for a loan (DSCLR LOAN which I am going to use) because if you are like me you're going to use the bank's money, not yours, after that, you will need to search for tenants or your property will suck money from your pockets and it won't be an investment anymore, and this applies btw to residential and commercial the small difference Is that commercial needs bigger sums of money but other than that its kinda similar.

I by no means claim to be an expert.