.#5: Who ar your borrowers and what type of assets are you collateralizing? 

This being my first real estate investment in the US I would prefer not to start with a RS building because it may put me off from future deals.

Our daughter is in her 3rd year at the University of Arkansas.  

In Arkansas I found out (after I got my license) that a licensed agent must do a double close instead of traditional wholesale. 

Hi, We've been working with section 8 on Arkansas.

.…………………………….. 245Finding a R.

We are thinking either locally (prices here are much cheaper than in LA- an hour from here), or Hot Springs, AR.

Lenders differ, but usually it would still be OK to do loans as an individual (LLC or entity not necessary).For us, we lend DSCR to either individuals or entities in most states, but a handful we do in fact require it to be an LLC or other corporate entityFully Eligible States (Lend to Individuals or Entities)AL, AK, AR, AZ, CA, CO, CT, DE, DC, HI, ID, IL, IN, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, SC, SD, TN, TX, VT, WA, WV, WI, WYPartially Eligible States (Lend to Entities Only)GA, FL, IA, MS, MT, RI, VA

I’m interested in expanding to Arkansas as the markets appear to have higher cap rates and this better cashflow opportunities.  

It uses AR tech on your iPad to estimate distances by the gyroscope and camera in your device and is pretty much licensed as the engine for most of the other AR floorplan apps on the store.