My partner and I have some cash available to do a rehab, but at the same time, we don't want to use all the reserves have to rehab, if in case we can't sell the property.

Depends on what kind; installment, consumer, or investment debt-makes a dif imo.Most people not only don't have the reserves I listed, but here is the bad news.

We have launched Indianapolis & Atlanta, GA, and are working on confirming our next market.

Food, water, cash reserve, gold, silver and no installment debt is the only safe solution for now

The LLC is a "pass through" entity and is great for holding rental properties.Keep in mind that I am not an attorney so you should seek legal advice for confirmation.

Sadora,You will need some amount of money as an initial reserve to be used if anything goes wrong early in your business.

While a contractor should be able to afford the materials up front many haven't managed their cash reserves well enough.The bottom line is that you both don't know each other and haven't had the relationship built to trust further.

Having a financial partner to put up 100% of all the acquisition, repairs, maintenance, reserves, and financial risk is a great asset for you.

Well it didn't even take 30 days for the Federal Reserve to change it's mind on how it was going to spend the 700 Billion dollar bailout.

I have had several investors get turned away from backs because of various resons, and these were all strong borrowers, 780 score, 20% down, plenty of reserves, etc.