When your LLC takes a loan, expect as members to personally guarantee the debt.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

@David Lewis:-) I advise most of our members to read "Acres of Diamonds" then let's have a discussion, if you want?

No Personal Use: You or family members cannot live in or personally use the property.2.

There is a great group of members on here to connect with.

Join us and become a founding member of this amazing community!

Members of Illinois REIA are Agents.

Because the extra family members weren't on the original eviction, I had to wait another 3 months to get them out. 6 months altogether. 

The members here on BP that talk about STR auto-run systems didn't install those systems and find dependable cleaners & handymen overnight.

Note, I am not looking for a syndicate to BRRR or rent of some sort.Experience: I have personally bought an old home on a 8,000 sq ft lot, rezoned it to two 4,000 sq ft lots with a family member.