Even though I have done my own research, I still came up empty handed.  

Flipping can be feasible in one area for years and be a total bust the next year when every project comes in at a loss.

@David Jenkins @Stephen Anderson I totally agree that the Multifamily Investing Academy with Charles Dobens is one of the best Real estate courses out there.  

@Jimmy SontWell if you signed your name vs your business now you may have easily pierced the LLC if it’s deed as one and loaned as anotherIf the intention was to do this then why not sign itI would not ask for anything as why have your hand out - someone made an error and it does not cost you anything to fix it so fix it.

There is NO registry for Trusts (like there is for LLC's and Corp's) so you get total privacy of ownership...which is your first line of defense when it comes to crazy tenants and contingency fee lawyers (and their dead-beat clients).

The tithe was given on "the increase" not the total, and I think that is a reasonable look at how to determine what to give on....but again it is a matter of the heart, it is not a law to be followed. 

But you are totally right, both of us will be wrong, but wrong by how much?

In other words, let's say you buy a property where the total value is $200,000 and, of that, the structure value is $80,000 and the dirt is $120K, then you are only allowed to rehab the property for no more than $40,000 (50% of the $80K).

I want to be "hands off" for the development/management phase.- I would like to get a minimum of 12-15% irr on average, with potential for higher returns.- I have some past experience working with sponsors from PE funds on non-real estate deals.- I get an experienced sponsor/developer that can run the show so I don't run the risk of making any (very expensive) mistakes from my lack of experience.- I can get exposure to large multi-family with many tenants.

And any loan basically at 65 to 70% LTV total if the first goes bad your going to take a huge risk of loss of interest ( almost guaranteed) and loss of principal..