The benefit of doing this is I could get 2 traditional 30 year fixed mortgages and the ARV of each property I estimate to be $380k for the duplex and $450k for the triplex.

The real benefit of using leverage is so that you are not burying your cash in the dirt and can access it when things do go wrong without losing the property.

Thanks in advance :) you can make direct investment in development deals through single purpose entities not funds. a lot of family offices don't invest in funds they invest in direct placed capital.

If there is a potential for loss of any kind, then you are using their funds for your benefit - i.e. gambling with other peoples money - so definitely a place you don't want to go.

Any time you sell a piece of investment real estate you do a 1031 exchange which lets you use the gain for your benefit.  

Consulting with a tax professional can help ensure you meet all IRS requirements and maximize your tax benefits.

While a general rule is that you can purchase property in different states under an LLC formed in another state, you may wish to ensure that the LLC structure and path that you have set-up is appropriate for you and provides the benefits that you are looking for before transferring ownership into those LLCs.

The one benefit of a semi-locked market is that you won't get left in the dust.

Steve Mashura,NAR partners with businesses to peddle whatever wares to newly licensed agents as a benefit that sucks them dry of any start up money.NAR has some lobbying efforts that help with legislation from time to time but other than that pretty worthless.I was REALTOR first year in business over 20 years ago and saw no value.

I found a sign-up for an earlier iteration of this scheme--same benefits, wayyy less cost.