Our end goal is to be in a position where we can be very selective and choose the clients and properties we work with so that doesn't happen.

A prudent investor doesn't seek quick riches through shortcuts.

A prudent investor doesn't seek quick riches through shortcuts.

They don't want the company to be potentially liable if an owner doesn't follow through with the inspections and repairs.After the GFC, we needed the capital investment or they would have had to tear down more houses than the thousands that they already have.

If not, ride out the 12 months with the hard money lender.People have to make good choices and not over extend themselves just for the sake of buying something they really can't afford or that doesn't make good cash flow.

Quote from @Brandi Jefferson: Quote from @Jaycee Greene: Quote from @Brandi Jefferson: Hi Jaycee,Tampa doesn't have much inventory on MF, so I'm starting my research outside my market, and learning what I would need to make that happen, since house hacking is likely not an option.

Just transferring your property to your LLC doesn't really provide much shielding. 

And as mentioned above, if the lender you are speaking with doesn't know what that is...then you need to go to a different lender.  

They finally get back to me after the close date to say they need more time because they are try to cross collateralize their other properties to make this deal happen and the bank they were using doesn't do this kind of loan. 

I overall agree that right now most real estate doesn't make sense for a hobby investor.