We have no control of the condition of your property, if the value will appraise at where you feel it will appraise at, selecting specific appraisers, making sure the title to your property is free of any liens/judgements, what the title company will charge you, how much the AMC will charge you for an appraisal, what your property taxes will be, how much your insurance will cost you, and the list goes on.. 

I'm specifically looking at a property on Lake Monroe.

I'm not familiar enough with RDU to give you specific areas or submarkets. 

Happy to answer any specific questions you have. 

Hello all,My name is Slavik and I'm a new out-of-state investor looking to invest in Jacksonville, FL.Currently focusing on single-family houses, without a specific strategy in mind.

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.

We have a somewhat specific wishlist for lending requirements and terms that I will highlight below.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

Wanted to get some thoughts from more seasoned small multifamily investors on a few items or any other suggestions:- Any specific pros/cons of any particular states in SE (TN, AL, GA, NC, SC) to consider?

The reason I ask is if you're starting a "non-real estate" business, I'd recommend NOT using that business to buy any properties but use a real estate specific LLC to acquire your properties.