There are people here on this board that know what is illegal or possibly illegal.If you are in PA, it is really important to have a lawyer represent your REI Co that knows Landlord Tenant Law and what the local Judges might rule in a Lease Option Agreement.I have doing lease options for 30 years.

Is it likely I could find a mentor out in Colorado to take me on as their project child?

Doing the cash-out refinance and parking the money, especially if co-mingled with personal funds or general operating funds of the business could cause problems.

With interest rates at historic lows, you have a lot of money chasing yield, and institutional money (eg pension funds, insurance co's, private equity) has been pouring into real estate.

Not only are the LLC fees each year several hundred dollars, there is also the overhead per LLC (taxes, bank accounts, no co-mingling of funds, etc).

If you export a report to excel and remove columns, you need to do this step everytime, bc. you cannot define a report to only export those columns the next time.2) No ability to add your own options to their List Of Values (drop down list options)3) No ability to add new fields to any input screen (hopefully your business is run exactly how the creators of Buildium run theirs!)

I'm living in Colorado Springs and investing in Pueblo.

One didn't have a strong rental history so her father co-signed (he has since passed away they tell me).

Best to have attorney, or title co attorney draw up closing docs, including note and deed of trust or mortgage, depending on state.

Greetings, I am Karyn Kline, a real estate agent and investor from Fort Collins Colorado.