My state doesn't allow an unlicensed individual to be compensated.

I’m curious to know what pros and cons, pearls and pitfalls exist for 10-15 unit MFH deals that involve a collection of individual houses from one development... as opposed to the apartment building type of MFH.

I want to get my foot in the door now that I have had exposure to wholesaling I want to not just work individually but amongst a team and find a group of people that can take me in and learn even more.

If you are the only individual in the LLC it is considered a disregarded entity for tax purposes. 

Talk to a lender but you’ll likely have an issue with a non arms length transaction trying to go 203k, and of course the individual would have to occupy as an owner occupant for a year.

You also have four individuals which increases the number of cars on the property, more visitors, higher likelihood of partying, more inter-personal relationship problems, more wear-and-tear, etc. 

When I was at the bank a few years ago, we used to do financing for Australians, but they were extremely high-networth individuals buying nice properties in Aspen at 70% LTV so we were happy to hold those loans.

Each individual house is broken down into a chart of accounts as per Real Estate Accounting guru Amanda Hann.

I contacted a local banker who now is recommending we obtain an individual commercial mortgage for each property. 

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