I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.

Is there a point of contact person/business that handles all home investor concerns (general contractor, engineer, etc.)

Establishing an in-house servicing operation is a natural complement to the company’s core business purchasing and repositioning past due residential loans.

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal. 

I would also focus on smaller deals, single family to 4 unit starting out, so you can establish some experience.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

I personally would go that route as it would probably be less expensive.