I've spent countless hours listening to the BP podcast, reading books, and following these forums.

After speaking with countless agents, investors and contractors in my area, I found a mentor to help me take the plunge.

@Nathan Boyer point blank if you are not willing to give it 100% and countless hours of education, action, making mistakes, a little stress from time to time then this is not the business for you. its not easy.

After countless calls and emails.

That can help convey confidence in a deal when someone knows you have a lot of skin in the game. Real

This person will be taking 20-30k to build the home, but will save you countless hours and hopefully at least that much money in contacts, knowledge, municipal relationships, etc. 

Not frugal.Given how many new investors are out there working through this scenario, i'm putting this post out there to let others track our progress through this process and *hopefully* provide insight for other who either 1) haven't created a REI business entity yet, or 2) plan to take an investment property loan from a big bank for their next acquisition, and eventually want to transfer it to a business entity.After reading countless articles, REI books and forum posts on this topic, we decided to take the soundest-sounding advice: Communicate openly with the lender and ask for permission, in writing, to transfer the property into an LLC.Below, i've broken down the timeline and key events in the mini-saga thus far.

I'm about 2 months in to serious studying (about 6 books and countless podcasts).

My cash on cash returns are ridiculous and I got great hands on experience that has saved my butt countless times.

You will find countless threads and blog posts.