Most Professional Property Managers do everything; collect rent, schedule maintenance, pay taxes, pay mortgages & HOA dues, process security deposit claims, marketing , leasing , on call 24/7, handle landlord-tenant conflict.

Conflict of interest?

Maybe I am wrong , but it sounds like a conflict of interest to me 

I think its a conflict of interest.

It is not very long and by going through the rules you can have a decent understanding of things you should be thinking about in terms of exit strategy, conflict resolution, shares allocation.

With that said, we would like to put it under an LLC but am conflicted to do so if we are only going to be refinancing in the near future. 

this is totally bizarre but sounds like a huge conflict of interest.  

Make sure your lease is iron clad and not in conflict with the Section 8 lease, because it always prevails over yours. 

@Nigel PrenticeI don’t do private money loans to my clients in order to help them out with purchasing a home since that could be a bit of a conflict of interest, but I have several friends and connections in different spheres that look for funding sources and I love partnering with them. and you’re right, functionally my definition of private money is not very different than Hardmoney, but locally when people refer to Hardmoney lenders they are talking about the few people who do this institutionally, instead of people who do a few a year with far less structure

I was just thinking of the conflict of interest factor.