Start the draft: what each person is contributing, whether money or responsibilities and how will the income come and go.

Is it urban, with lots of bars, restaurants, cafes, and retail?

In short, you would deed the property to your LLC as a capital contribution (so no taxes) and refi.

@Cole Sonner I have done both, you can definitely still find good deals on the MLS, plus if you have your license by then, you will get the commission which will start to contribute to your taxable income and will allow you to borrow more in the future.

Thanks for your contribution.

After reading and listening so much, it feels good to finally make my first post, I hope to contribute as much knowledge as I have consumed one day, this is just the beginning! 

GregThank you so much for your contribution in helping me understand this!

Even if you only contribute a tiny amount a week, time is on your side.

I am new to REI.I am looking forward to discuss with some more experienced investors, but also newbies like me.thanks to all of you for your contribution on this forum. it's a great support for someone like me.B

I managed to erase all my debts, shoot my credit score just a tad bit short of 800 and even stopped contributing to my 401k for the meantime to fund my first property/investment/both purchase.