I personally again in my opinion only.. but these guys could be fake lenders.. for sure HML  do not have a requirement that they can only lend to a corp..

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress). 

AND prices have come down a bit in the last few years.Get a good grip on your personal spending and CUT BACK on everything for a couple of years.

The issue was a person sold their home subject 2 and the person who bought it stopped paying.

Most of the ones failing have been due to lack of appropriate financing or inappropriate product mix.  

Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

I personally ALWAYS use 30 days as the time frame to close in.

@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

@Jared Goldwasseri would strongly recommend you go to Cincinnati in person.