However, Person B agrees to manage the property until ~year 3, when person A + B jointly refinance.Additionally person A + B will enter into an operating agreement which binds both parties to these conditions and offers 50/50 equity in property.How do we structure this legally while minimizing the liability, in absence of a LLC.Side question:Are there different lending rates between a LLC and an individual?

We are 1st time sellers, we are selling lower (460K)  than what we purchased (490k) the house for on 2007, but we will kind of minimize our losses by saving on realtor fees.

I am paying “cost” meaning builder level cost for material and minimal average labor costs with no profit for the builder of record.

The tenant just kept making excuses for the delay of payment...the landlord didn't realize it was fake until 3 months had gone by. 

make sure  your rate lock on the refi isnt endangered  by appraisal delay ......some lenders  allowing  ext only appraisal on  investment  properties 

My goal is to try to minimize locations while keeping a 10-12 percent CoC return in the San Antonio area.More generally though, I've been looking at going into multi-family housing more as, again, it would reduce the amount of locations I have to manage, at least in the short-medium term.

The reason why it takes 8 months to finish: some delay in paperwork, but mainly we told our contractor that we are not in the rush as we do not want to rent it out til spring time. and due to frequent travel, we did not want people to come and work on the basement when we were away. 

v=3OOl59e2WfI&t=21m2sThat episode is with @Alexander Felice, he can probably explain the delayed financing exception the best. 

Time is money.... you may be able to fight this legally but that will take even more time and more $$ and in the mean time you can't sell it.....Eat the $$ to re-do the floors and move on..... that $$ loss will be less than the legal fight that you may never even win and all the loss from a delayed sale

This minimizes risk from market downturns or any other unfortunate events.Conservative goals (buy a few houses, have them paid off, and focus on other things): Take out the min you need to buy the next house.Question 2:Yes, if you refinance your rate will go up being, non homestead (if you purchased owner occupied initially).