Despite what some people may say, a college degree is very valuable for a number of reasons.

@Steve Babiak I am consistently told "10 months" but I say a year because investors flippantly say, "Having my money tied up for a year isn't that ______________________ (insert thought)..." 

As far as legality I'll have to defer to others who know better but seems like people do it everywhere and here also but they officially it's as they say a "grey area" so just keep honest about what you're doing and don't piss anyone off I guess. 3) I just use a spreadsheet.

Can you get something smaller, say a live in 4 plex with a residential loan off of the capital that you have now?

I do value add deals for my syndicate as the promote is the payoff.If I buy some stabilized property at say a 7 to 8 cap as a sponsor then really after resale in so many years and blending of the cap rate up with rental increases there is not much of a return there for the sponsor.

These are all just methods of borrowing money.Let's say a Seller accepts 100% owner financing.

The LLC makes it so that if you are sued for say a car accident they could not go after the properties in the LLC because that is a different legal entity apart from your self.

@Bill Piker since John brought up the eviction subject, I would also say (as a tip) to look into your state laws regarding evictions.

You cannot say "this property doesn't meet the 50% rule" because, as far as the data goes, it appears to ALWAYS apply.You can say, a property will not cash flow if you apply the 50% rule.

Or if it is, say, a university area with a lot young folks who are only there for 4-6 years.