@Yang Zeng Welcome to the Bigger Pockets.As you can see in my profile, my business and hub is in San Diego, not far from you, but all our investments for myself and my clients are in well performing markets in the Midwest.We specially in this out-of-state- approach that really requires more than just the properties.I agree that you should keep a reserve and not spend all your funds but I could help you with 6 properties that would pay you about $5K/ month in cash flow or $60K/year based on your available funds while having about $100K reserve.I like to help you see the performance difference between our area in CA and the Midwest.

It has to make sense for everyone, it is rare for someone to fund everything with you being new and no track record.

Hi there, I'm new to Bigger Pockets, and a total noob when it comes to investing with other people's money and raising capital. 

If you are looking to be more active, there are great opportunities out there for value add on multifamily whether that be raising rents or light rehab projects.

This could help secure funding and expertise in building and managing affordable housing.4.Explore alternative construction methods: As you mentioned, modular homes could be a cost-effective option for building additional units on the property.

Yes, come to think of it, I can probably raise my offer assuming that there aren't any other major repairs that I'm unaware of.

You're dealing with the government and they put protections  in place for themselves and their tenants so you can't arbitrarily raise that rent to whatever you want.  

I would generally say if more than 10% of your potential investors are going to be asking about it, it should be in the offering memo.That being said, I have seen one page word documents used to raise over $10mm and I have seen 40 page, full color with professional photos, etc.  

You must wire the deposit, sign the contract and give them the proof of funds documentation. 

I was under the impression, as a newbie, the LLC would protect my personal assets in the event of a lawsuit,  IF I keep personal funds and LLC funds/bills separate.