This is mostly due to affordability and for potential ARV options.I had a good friend buy a property in Indianapolis off of Union Street for $60K she put $48K into the home which was a total dump and was able to refinance the home to pull cash out in 12 months.

It's nothing like fancy pants hanging around kitchen stores picking out just the right cabinet door and handle pulls.

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

The interest rate is nice, if there was a way to increase the cash flow to ~15% or greater COC you could pull a HELOC on the property for 9% and collect the delta.again though, i would suggest selling it and trying to lock up a property or two with the proceeds that required some sweat equity, force appreciation through a reno, rent it out, refinance and repeat (BRRRR)

This reminds me of a police officer  pulling somebody over without reasonable cause and asking to search their vehicle and if the person does not consent, they’re saying you must have something to hide.

I wonder how they are pulling the permit for anything.

I was leveraged to the point of being uncomfortable when I was single and in my 20s so I get the idea but don’t recommend pulling money out of a retirement fund.

She wanted us to pull the car out of service until the "service" lizard could be located...I swear I am not making this up and have not been drinking...

Quote from @Evan Polaski: @Anastasia Foster, a flipping fund is very hard to pull off, so I would be very cautious and dive deep into their operations before being overly intrigued promoted returns.  

But gone are the days where you can expect to pull all your money out of the deal and still cash flow $200+ a month.