I also created imputed equity through the entitlement process that helped me achieve an 88% LTC loan through a bank + invested 20% of the total equity as the GP  and 25% of the LP equity.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

Well, not so fast.For every successful flip, there is an account of some nightmare project that sucked the bank account of someone dry.

I used bank/credit union mortgages for 80% to 97% of purchase prices. 

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

In addition, you want a separate bank account for the rental property to separate it from your personal accounts.

Bank won foreclosure in 10 months so luckily it cashflowed as well as it did. 

they usually say stick it in the bank.. so you can offer them a nice return above bank CDs and on an asset they already know and like etc..

It’s too much to explain, just not worth it… Invest in America, vacation/live in Europe…

Currently Im in the process of renovating an ADU above my garage to become my first STR, its a slow process but am looking for some expert contracting help that won't break the bank!