Get in, then get out.Cheers! 

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.

For example, if the refi lender requires 6 months of seasoning so that the refi is based on LTV rather than LTC, then your HML will likely be 7 months...

If you want these types of service, then you should should look at the pay structure to see if it makes sense for all parties.3.

Once you get a basic understanding of the concepts, make sure you have a team who can support you and then hit the phones! 

Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey.

Calc is then (market rent upon renovation) divided by 2 equals net operating income. 

If it is big enough that they could all fit in one side, then maybe she could still only charge her father-in-law $150/month and maybe rent out the other side to someone else.Her current house actually has a basement that could be finished into an apartment.

What a lot of people end up doing, and sadly I'm prone to this as well, is they spend way more time learning then they need to in order to get their first deal done.

I've learned a lot since then have become a private money lender and have done a lot of deals.