With this much work needed, I’m worried that any unforeseen issues may eat into the profit.  20k doesn’t seem like that much wiggle room....

That both helps with liability issues (assuming you're following all of the necessary steps to keep your LLC in good legal standing) as well as gives your investors the appropriate piece of the LLC based on investment levels without worrying that you're just doing handshake agreements4) Yep – you certainly can.Last but not least – assuming that you're looking to get into a true syndication, make sure you put aside a good chunk for the due diligence and legal fees – closing costs can be significantly higher for commercial properties and eat away at both your returns and that of your investors.Good luck!!

In OKC the high cash flow C class inventory keeps it's rent rates even through recession, so I've got my eggs in that basket. 

@Andrew Goodwin Yes, I completely understand your point and it is a very important point cause it just eats up some of the profits along the way.

This can equate to a substantial increase in the condo dues that could eat away any cash flow you have.

Own a condo in Boston and because of a resident tax exemption the city is now eating up majority of my cash flow (700 a month).

Hi Ian - glad to come across your question in the forums as I'm trying to figure this out and hope you might be ahead of me on this and have some guidance.. if so then I'd appreciate you thoughts.I have been planning to use HELOC to fund 20% down payment, then mortgage to cover the rest - so in essence financing 100% of the purchase.My first observation is that HELOC (Penfed Union at 1.5% payback on balance - $300 per month on $20k down payment) plus a mortgage payment at say 3.75 wickedly increases cost and eats into cashflow, etc.

For the most part, I prefer the West side to the East side, because the crime tends to be less violent.Real estate is a long game and while you can try to flip tough homes for quick profits, I really recommend making a long-plan as well that allows for equity growth over time as it naturally compounds in to a nice nest egg over time. 

Also I want cheap but good insurance , I know asking for cake and eating it, but who do you recommend?

This debate always reminds me of what came first the chicken or the egg.