That loan will be in the name of the LLC, which means you won't get attractive personal mortgage rates.  

So locating the property will not necessarily produce a deal.

Kathryn, You are correct that the economic downturns produce more varying results for RE than economic upturns.

The reason being is that we are not trying to produce current income.

Before I list the financials, I'd like someone to answer: When a balloon payment comes up, and assuming I have these properties producing for me, will a commercial lender open a loan for all three together?

Needless to say, it wasn't a really attractive value proposition from what I had seen.

The big players have access to investor cash and have the means to work with borrowers and legal system, while it takes working knowledge, the returns can be very attractive for even small scale investors.

Of course, for you, the attraction of giving up profit is not having to make the monthly payment, but HML like the added time pressure created by the rehabber having to feed the interest monster.I've met a few people here locally that have broached partnering with me, where they'd provide all of the capital, but I have always wound up doing some work myself on projects to save $, but it's a different equation when saving $2,000 on demo is really only putting $1000 in my pocket.

GeorgeBad idea period; A new car is the worst investment that can be made, you’ll end up with payments on something that does not produce money, but cost money, then the value of said car will drop dramatically and by the time you get done paying it off, it’ll be worthless, you could have used that money to start investing.Buy a beater for cash, save every penny you can by not buying shinning things that “DO NOT PRODUCE MONEY”.

Then, when the time came to buy "our" house together, it was easy to cash out refinance "my" house because it had already been seasoned as a rental so the income it produce counted (75% of gross, anyway) towards our income.