Now, let's assume the GP has two partners and each has $100k in the deal, collectively $200k.  

@Varun Hegde the guys who answered you will know MUCh better than me but I am lost and wouldn't touch this (I am not a note buyer) If I understand you are essentially getting an assignment of the rights to collect the payments, like buyiing a note.

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

Hey @Jacqueline Vasquez, I think everyone said it best.It is hard to go wrong with the Gaitlinburg, Pigeon Forge, Seiverville areas.Wears Valley as an extension.

If things go bad and they end up owing you money, are you able collect if you have a judgement? 

The fraudsters use a portion of the money they collect from investors to pay the sellers their commissions.

Alternatively, you could suggest an owner financing transaction where they become the bank on the property and this way they get to collect a monthly payment all while getting a chunk of cash up front (your down payment). 

(Please don't construe any contact info I provide as an "endorsement" or "recommendation.")Regarding the company your inquiring about, I've come across the following links - for whatever their worth (they may or may not be reliable):https://getoutofdebt.org/46215/saen-higgins-switch...https://getoutofdebt.org/36930/are-wealth-without-risk-informercials-an-extension-of-john-beck-tax-lien-systems-challenged-by-ftcIt's unfortunate that there is often an inverse relationship between (a) the amount of marketing an education/guru company does and (b) the actual value of the services provided.The initial sale made by such companies are really part of getting unsuspecting consumers into a sales funnel that leads to selling the consumer an education course for $10,000's.

Hi,  Does anyone have experience either using Bilt Credit card to pay rent or collect rent?

In our case, my wife and I could afford a run-down fourplex that needed extensive work and was infested with roaches.