Just create an LLC and have initial capital contribution into the LLC be enough to fund acquisition (down payment + closing costs + legal funds to start LLC) and have operating capital from day 1.

However, I am sure there are loads of people on the site from Oregon that can help you!

Hello, Quick question,  what is the 50%  operating expense rule  when it comes to small multifamily properties . 

This industry weeds out people that operate on the contrary. 

Income real estate is "valued" by cap rate, which in the simplest terms means you take the net operating income, divide it by the purchase price, and that is your cap rate. 

hi everybody as you know i've been a BP member for a while now so that means i have some insight as to what the markets are offering on a daily bases and now i've come to the area of where i need to find where the market is for selling mortgages similar to how you would list your home well i need mortgage listings that are non performing and performing i wonder if the mortgage servicers that are owned by the banks or that operate on the beneficiaries behalf know anything about this?

I would definitely consider putting the property in an LLC and then memorializing the expectations/agreements in the operating agreement.Also, I hear that property management will be handled by a family member in the future - I would make certain that this fee is also ironed out ahead of time, whether you are hiring an outside person or family member.Have you considered syndicating the deal and offering it out to other investors?

I rip down a wall and studs (non-load bearing wall), I have an electrician wire new setup, can I personally set up the studs and go crazy myself?

Plus, it is a very desirable market due to government, defense contracting, private equity and other businesses operating there. 

Second, I’m operating as my own GC.