Get a bank statement to cross-reference their paychecks as most employers now direct deposit.You'll also see if they have a savings history or are living paycheck-to-paycheck.If they are not paying rent right now and have no savings, how well do you think they'll be able to adjust their budget, so they can pay rent on time?

Getting into real estate doesn’t have to mean having millions in the bank.

You may have to put more money down (10-15%), but you can close, in a LLC, with no worries about banks.

I do have reserves to cover contingencies.Let's just say, I'm satisfied with those numbers.Had I had to use a bank, I would have had to put down 20% for $33,000, plus closing and my payment on the remaining would be $1400 PITI including HOA. 

If E has any priority over B, for instance, I would not invest in this structure, given that my bank account puts me at a Class B share (side note, their Class B is a little more GP friendly on the surface, than other groups, but devil is in the detail).  

I try not to involve banks (the cheapest money) you end up losing 45% of Potencial CF.New here but if your able to contact me we can talk more about creating Cash Flow.  

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

Bank loan How did you add value to the deal?

What it appears matters most is who the issuing bank is. 

Traditional mortgage from a big bank, 10% down payment What was the outcome?