They'll pull their rigs to nice area and spend month or two.

He's responsible for paying it back and should be looked at as if he was pulling it out of his own checking account.Anthony - For the cash you need from him, I would simply borrow it from someone and pay a flat return (15-20% ?)

I finally had some extras cash laying around and needed to put it somewhere so I decided to pull the trigger and buy my first investment property.

Guess in the future you have to be sure of present and repaired values, repair cost estimates and be ready to pull the trigger.

To replicate, you'll need a large volume of homes to purchase, political buy in, an experienced crew, a million dollar line of credit, and management experience to pull off a deal like that.

What my team does for all of our investors is pull similar sold properties in the last 60 days to determine what the property is worth.

I'd guess you're looking at upwards of $200 to 300,000 to pull all that off though.

I need to finally pull the trigger on this.My pertinent info:-I own 3 rental SFR properties, all free and clear :D worth approximately $450k-I live in a 4th property which is mortgaged-I live in California :/-I also have a regular jobPrimary goal: asset protectionSecondary goal: increase tax advantages above and beyond my current sole proprietor statusAs a side note, I would also like to hear your thoughts on LLC'ing in wyoming/nevada/wherever else you can think of and how that model would or would not work in California as a foreign corp seeing as how "strict", for the lack of a better word, it is here in California.My entity/entities of choice would protect me from inside liability as well as outside liability.

To be on the safe side, try to get property A rented out, and also have a nice pro-forma on property A pulled together, so they'll be more comfortable counting the NCF from that property.

I suggest you read through this site a bit more before pulling the trigger.