Similarly, if you put all Class D tenants in a Class A 4-plex, what do you think will happen?

It’s advisable to consult with an estate attorney or tax advisor to understand the specific implications for your family’s situation.Getting a Mortgage for the Flip: Yes, the mortgage process for a flip would generally be similar to purchasing any property on the open market.

Similar to most knowing interest rates were getting cut, most companies knew this was coming and prepared for it.

One of the keys I've found is focusing on neighborhoods that are on the upswing—places with signs of revitalization where you can still get affordable properties.In Memphis, I'd imagine a similar strategy would work.

Financing will be key, and choosing the right mortgage is crucial, an FHA loan or something similar could be a good fit.

I suspect contracts in most states are similar. 

While they often come with higher interest rates, they can be a quick way to secure funding based on the property's value.Peer-to-Peer Lending Platforms: Exploring P2P lending options might connect you with lenders willing to fund real estate investments.I once knew an investor who faced a similar challenge and successfully used a combination of a bridge loan and seller financing to close the deal.

A DSCR loan is an intriguing option, and when the time is right, I’d be happy to reach out and explore how it might align with our goals.I appreciate your offer to chat and exchange ideas—it’s always great to connect with others who share a similar vision.

Avoid ordering your LLC's sequentially or naming your LLC's similarly. 

Partner 2, providing repair and renovation skills, can be compensated either through being paid for their work or through a similar equity split, around 20-30%, while still reflecting the value of their expertise and labor.Partner 3, who brings the capital, usually covers down payments and renovation costs, which justifies them receiving a larger share of the profits, often in the range of 40-50%.