I would be the muscle and they are the $.  

We will be announcing it soon and are currently working on setting it up to get the most out of our first meetup.

What variables effect this return and do you have recommendations on setting up a unit for max return? 

You will be taking on more liability, and if you go bigger than 4 units you won't have the owner occupier financing available.Exercise your analyzing muscles by vetting some possible deals in different price points so you can see the difference in finances.

For those of you interested in modular check out these "set day" pictures...This is the site at 9:00 am on set day.... nothing there but foundationThis is delivery in progress..This is the end of that same day... instant gratification!

And, the money I would spend on setting up LLC's could be better spent right now on direct mail or my rehab budget.  

In fact I would go to irs dot gov and order the workbook and tax forms to begin getting familiar with what is allowed.Oh, yeah, definitely plan on using a CPA to do your taxes from now on. Setting

I too am new here although not the youngster Bill apparently is and I too did a stint at Boston University although the result was not quite so stellar but that was over three decades ago and I've learned a lot since then.I am thrilled to have found this forum as I begin to develop my Investor muscle.

I was offered existing properties by a friend in Muscle Shoals, AL in A neighborhoods.

I do plan on setting up an LLC structure in the near future.