Goals and HopesI want to build a solid real estate portfolio for financial security and freedom more me and my family .

If every member in an investment club actively helps decide what investments to make, the membership interests in the club would probably not be considered securities.

Obviously I’d suggest putting security measures in place like buying under an LLC.

I'm currently being sued over $300 that I witheld from a security deposit return.

Now, three years later, the community is complete, and an official HOA board is in place.

For example is the cashflow something like: rents - debt service - utilities - insurance - trash - security system, etc?

Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?

FHA has a program for such circumstances that I believe are 2 years out of bankruptcy, at least that's what it was last time I heard.Both a chapt 7 and a chapt 13 can affect security clearances.Some banks will never lend to you if you file either one.

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

and we were able to secure the property for under asking.