Seek legal advice on this, but be aware that their job is to protect you from the worst-case scenario, even if the probability of it is less than one in a million.Your investor friend is probably referring to establishing a mgt co in the form of an LLC to manage your property(s).  

Looking for insight from landlords or Brandon(the man, the myth, the legend himself) that have done the BRRRR strategy as coined by@Brandon TurnerWe bought our 1st rental cash, all renovations are completed and we are getting it ready to list for rent.  

@Adam Sheren I'll take the opposite side of the coin. 

If you’re not holding it, then it means that someone is, and if I were the seller, I would add all my coins plus a premium for “what if” because you’re only buying in pieces.

@J Woodfin  basically this is a trick that wholesaler.. they don't put up the EM ergo they really have no contract.. you can just tell them to go pound sand.. and move on today.. you have to follow up and make sure the EM has been transmitted to title co.. in the specified time in the contract the day its late is the day you terminate.. and move on.its a learning process.. you have had with the wholesale community.. and one reason many folks are very leary to deal with them or simply won't..

STandard promissory note .. do you have a mortgage or deed of trust to go with it to secure your interest.this is called gap funding and the rates are quite a bit higher than what they are offering.also if this deal does not go well do you personally have the money to pay off the loan take the house and finish it or sell it or if the first went bad would you get wiped out because you do not have the money to pay off the first.Personal guarantee's are worthless.. in 99% of cases  if it comes down to you having to sue on the PG means your going to spend big money with attorneys to do this and the debtor 9 times out of 10 simply files BK.so that's the other side of the coin.. the rest is how much U trust them and how much money you have to protect yourself. 

The logic here would be to use a heloc against that property to fund more investment purchases (excluding creative financing and such).The other side of the coin is how much cash flow can I generate in the same amount of time.

Her daughter, Jared's sister, had stayed with her grandparents for a few months back before her Grandfather became bed ridden, until they discovered she was sneaking her boyfriend into the house at night and they had stolen tens of thousands of dollars worth of coins, tools and equipment.

This is along the same lines as professional sports figures that go into the private equity business...Not sure who coined the term  " if you have a good deal money will find your or is easy to find"  that line hurts a lot of people and since BP is full of beginner in experienced investors they run out spend what little time money and energy they have finding a great deal ( to them) then wonder why the money wont show up .. 

The 2nd grade sang us a song, another class read us something, the FFA read us their creed, the local Police Chief gave us a special coin for partnering with the community and then there was the gift baskets and 100's of Thank You cards from the different classes for the donation of the land.