MikeMike:I'm certainly aware that REI is hard work and that nothing is going to come easy...However, once my 'funnel/hopper' is full and I'm closing deals at a fairly good rate, then and only then, will my comment about 'rolling over' actually be funny...and yet still true...Guess I should have held back from trying to be funny until a later date/time.

Being a long-term investor, I held on.

Each house will be held in title under the name of the LLC.

If I were to do something like this, what should I be aware of and what pitfalls should I look for.What he's looking for:Investments in the 30K-40K range (you're welcome to invest more if you like)12-18 month term What he's offering:13%-14% returnPaid out monthly Here are the highlights: -Business is a boutique lender looking to expand capital-Provides short term loans to builders, both commercial and residential-Long track record of success -12-18 month term-Offering 13-14% annual return, paid monthly-Your money would be held in a real estate attorney's trust

How do I configure /setup the signature lines where the seller signs if the property is held in an LLC.Do each of the members have to sign?

Or could you just have a line that says "Earnest Money Deposit will be held by XYZ title" and then just forward the check, so that it would have even less chance to come up.

This means that you would complete Schedule E of Form 1040 for the rental property (assuming the property is held in your name and not by a business entity).

I started when I was fresh out of college and held a job at the same time.

I'd be interested in hearing how investors manage their properties in this scenario (that being, the property is held in your name with the intention of eventually quit claiming it into an LCC, etc).Does your entity still write/receive checks, even if the property is in your name?

At least I got a few bux for gas on that one.Luckily I held out and found a great tenant a few weeks later.