It's also worth noting that, given my community development background, the intent is to help them refi into traditional financing after they've established a payment history.

LLC's separate your personal assets from your investments and offer you protection from lawsuits related to your property, they can help to establish a more professional image if you plan to expand, and they provide some flexibility on how you are taxed.There are some drawbacks, included fees and administrative work, but it's ultimately best to consider speaking with a CPA to determine the best option for you. 

Hello BP.As part of me and my partner plan to establish a Joint Venture with an investor, we are moving forward with purchase of a property in JV model.We would appreciate clarification on the following points:1.

Once you close and establish a relationship with them, I would notify them of a rent increase but we do small ones.

Hi @Shan Randall,Welcome to BP and congrats on stepping back into the landlord game!

This would be my first foray into real estate investing... and I absolutely 100% agree that the best move is to establish a track record using my own money and conventional loans before considering using private money.

We offer DSCR loans and have an established network of appraisers in the area.

My biggest advice for people would be as follows.Know why your in the real estate game, and why a specific niche.

If able, speak to them face-to-face at their work, your kids soccer game, church, whatever.

On the flip side the clients I fund in my land deals are doing very very well in the foothill subdivision 50 miles or so west of the springs.. but thats the land game buy low sell high.. cant wholesale that stuff it needs to go on MLS to marketed and turn around time is generally 90 to 180 days but nice margins for my clients ..