@Caryn FischerI agree with Jaron, you should definitely have a consultation with your tax accountant and/or financial planner before you do anything. 

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

Really simple process to get a term sheet and no upfront fees except appraisal cost that is paid DIRECTLY to the appraisal company.

Account Closed 100% they are

You'll need to hire a title company to find out. 

We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies. 

Most PMC's will add extra fees to help the company make some extra revenue.

Now I need to find a real estate agent(I am "interviewing" a couple now), an accountant to speak to and of Course a lender.

The people that run these companies usually come from an "investment banking", real estate, or construction background.

So we create a partnership agreement and a new LLC and he funds the LLC account with 50k.