I'm definitely considering this approach seriously and will take your advice into account.

Finally he does wire me a payment but there is no accounting of which notes it is for, what is principle, what is interest, or anything like that so I start asking for that info.

I've worked with a lot of CA investors to help them create passive income with Indy deals but it can be done anywhere with the right training and attitude.Please let me know if I can help with anything - we're all rooting for you Jaime.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

How will you hold them accountable? 

It affects our DTI (dent to income) ratio, also like a credit card.  

But with Option 1 and 2, can use the deprecation to offset some rental income. 

I think the trick to Denver for most people is to buy something you can afford, grow your W-2 income over time, and turn your primaries into rentals whenever it makes sense to do that, rinse and repeat until death. 

So the power is really in the fact that it is a heloc/checking account combo.

Can I use my personal credit cards for business expenses and somehow expense it to my LLC bank account?