I am lucky enough to be backed by 5 private investors who collectively will provide up to $2m to get me started, and have a pretty high appetite for risk (so I can use leverage).

They come out with new requirements every year like fire suppression systems. 

Our goal in offering stock to our customers was to allow those with the risk appetite to profit from our eventual success as a company should we our goals, in addition to the loans we offer for investment.

I would recommend not to squeeze investor too much as if things go well he will have the appetite to come back with you and refer to outside people.Absolutely consult a lawyer when taking investor money.

I called every lender in my local area and took notes, asking about their appetite for SFR lending.

The appetite for real estate has been insatiable in Boston lately but I also sold a three-family property to another client on Nightingale Street, Dorchester for only $112,500 during the bottom of the Great Recession so it's important to keep perspective which this market, in my opinion, seems to have lost.

If I lived in an area hostile to landlords or a place with a voracious appetite for tax dollars I'd certainly consider investing outside my home area (actually I'd probably consider moving), but I think it would be hard owning property that I can't work on, see, or visually inspect easily. 

It would be a waste for you to dissolve it and create a new one in the future.Whether or not you should create an LLC depends on your net worth, risk exposure, and risk appetite. 

If not, you can select the option to suppress your new list with your past one.

Yet the appetite for home buying remained strong enough to drive prices upward in virtually all markets across the country.