If not, consider establishing one for 2025, after learning the rules.

This contrasts greatly with most accountability partnerships, as a mentor is typically more respected as an authoritative figure.

You could set up one LLC to own your 4 rental properties and quit-claim deed them over and that would be the maximum I'd do with respect to LLC formation.

Could you address a few key points with respect to Norada?

There are occasionally opportunities for grandfathering if there is evidence of legally established conversions that were done previously, but no permit records exist to show it was done. 

Anyone here can confirm that the rent from section 8 is close to the payment standards for the respective zip codes?

This gives them significant control and security.Joint Venture Agreement with Personal Guarantee: We establish a Joint Venture (JV) agreement that includes a personal guarantee, providing an additional layer of security for our investors.Memorandum Filing: We file a memorandum in the county where the property is located.

If not, consider establishing one for 2022, after learning the rules.

Buying properties in solid and well established locations2.

You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML?