So i decided tap in to the market place and provide our essential workers with a safe and comfortable place to live.

Essentially, living for free is the goal until I can com up with the down payment for my next one.

You don't have to seek an attorney's professional opinion, but they becomes an essential piece to your team moving forward the larger your portfolio gets.

This is essentially using OPM (Other People's Money) to build wealth over time.Appreciation: Appreciation Over time, real estate properties tend to appreciate, or go up in value, at about the same rate as inflation (3-4%).

I guess what I am really wondering is if you are you essentially trading potential equity in a home for being able to avoid a seasoning period with the delayed financing route?

No way.Our syndication attorney suggested we create a special purpose entity that holds title, with the members of the SPE being the LP and the GP as managers.But that is just creating more paperwork I think, because once the SBA sees the SPE holding title and the members being another LLC, they will just want to underwrite the members of the LP LLC again.I am stuck with this project and cannot figure out a way to get the correct pieces in place to move forward. 

I agree draws and all the paperwork is a pain. 

I am 1099 right now working as a contractor so proof of income is essentially limited to bank statements.My credit is around 700 and I can show a good amount of income with bank statements, just don't have pay stubs right now.

You are essentially selling the house to the appraiser.

I essentially started with a little crew for just one of my own homes, and then I started hiring them out to other people who became my clients.