RocketLawyer, if necessary, has some good templates for a simple Operating Agreement... which will never see the light of day unless a creditor (bank, landlord) wants it.

For students, I typically see either excellent credit, horrible credit, or no credit at all. 

@Evelyn CastilloWith no credit or experience with little money in the bank you will have a hard time getting hard money.

It's a bad thing for banks and whoever is holding the loans (i.e. the creditor) but anyone who is a debtor will come out ahead - that $100k mortgage?  

Or set up automatic payments with your creditors.3.

In my research, default rates are pretty high amongst 401ks loans. 5) If you leave your employer and want to rollover your remaining balance to an IRA to be able to invest in real estate, known as a self-directed IRA, you have to either A) Payoff the loan first, or B) When you rollover funds, the loan balance will be immediately distributed to you, thus taxes and penalties, and you forfeit all that tax-advantaged money back in the account. 6) 401ks are generally covered under federal ERISA rules, which affords you additional creditor protections, from outside of the 401k judgments.

I have no credit .... or I have a low score because I got rid of all my credit cards...." and finished with "Thank you for the time" or "Please consider".

A judgment creditor for one property cannot reach the others.However, as to whether or not you should make a new LLC in AL, you need to talk to an AL attorney to determine what the rules are for operating and doing business in the state, and if you get any tax incentives.

Seems that you either have very good credit or some backing.

Not sure if it makes sense to approach a bank to get some kind of business line of credit or try to do cash out refis for them.If anyone has done something similar I'd love to hear your stories and how you went about it.