With conventional financing on a primary residence, you can put as low as 3.5-5% anyways.LLCs are more for liability protection over tax purposes.

When rates went up from epic lows, it would be impossible to achieve that.

This is why a lot of the crowd funders failed as well.. not only picking poor projects but they had hordes of small investors throwing  money at them..

but it sounds like your mind is made up on this mentor.. flipping right now is a pretty tough gig for a beginner depending on market. very low inventory then sky high rates for your buyers. so use caution be careful also make sure you have a GREAT RE Broker who knows the values and what you should and shouldn't do in the rehab to maximize your returns. these things are very market specific U simply need to make sure your matching what is expected in the market you choose.. 

The median home price is also very low nationwide which creates a low barrier to entry.

They're looking for homes purchased when interest rates were low. 

Hey @Bonnie Low - Just curious...how many MTR operators do you have in the group out of Chicago? 

When I fired everyone, it was because I was doing the majority of the business and with low inventory and poor work ethic, it didn't make sense to run a team when I was the rainmaker and dealmaker.

I’ve heard the horror stories of TX property tax so I looked for low property tax. 

Old town is more of an older crowd but Del ray, and several other areas around old town might find better tenants who will want to rent by the room.