We try to work with the same subcontractors as much as we can - it's the only way to establish a long term relationship. 

Eliminate debt, establish a budget, and save.

I invest out of state in Pittsburgh from DC and self-manage everything, but it's taken me years to establish the right contacts, develop seamless processes etc. that allow me to handle everything remotely with confidence.

This would be my first foray into real estate investing... and I absolutely 100% agree that the best move is to establish a track record using my own money and conventional loans before considering using private money.

Eliminate debt, establish a budget, and save.

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

It's also worth noting that, given my community development background, the intent is to help them refi into traditional financing after they've established a payment history.

LLC's separate your personal assets from your investments and offer you protection from lawsuits related to your property, they can help to establish a more professional image if you plan to expand, and they provide some flexibility on how you are taxed.There are some drawbacks, included fees and administrative work, but it's ultimately best to consider speaking with a CPA to determine the best option for you. 

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

Minkow gave his approval, according to copies of the correspondence that he provided to The Inquirer.Since finishing his most recent prison stint for fraud and other offenses in 2018, Minkow has established a side business of researching companies he suspects of malfeasance and reporting them to the SEC as a whistle-blower.