I do not borrow money for the EMD.

So, that usually means the investor is working with their own cash or a hard money loan. 2.

But don't let this guy take advantage of you, you have a business to run after all....you need the money, your family needs the money. 

Pick something that fits your style and investment of both time and money. 

@Brad Tullif you're buying entirely with borrowed money it will be extremely difficult to be profitable even in the long term. 

That likely means that they are not good with money management which you are likely expecting from him.To answer your question, if you are doing long-term rentals, the LLC taxed as a partnership is likely the go to route.Best of luck.  

My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse.  

The apartment sale price 275k, loan amount 261k with 19k grant, no money out of pocket. after rehab rent 1850-2k month for location. my home 4 bd 2.5 b worth 217-230k will rent for 1800-2k month.

So the only money out of pocket is any closing costs that don't get worked into a new loan.

As the cash flow is obviously much worse than you can earn in the bank with a basic CD.