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%.

It's encouraging know many markets are in similar situations.

I'm in a similar boat as you.

. - A nearby similar property just sold for $350K but was updated.

@Tanya Maslach Setting up a real estate LLC in Colorado is similar to your previous LLC.

It's also great that you're planning to include wheelchair accessibility, which not only broadens your tenant pool but adds long-term value to the property.A video series documenting the process would definitely generate interest, as it could provide valuable insight for others looking to take a similar approach.

I’ve written letters on behalf of clients in similar positions to yours reserving the right to request the improvements be removed in the future.