Quick reminder on multi-families: There’s a 3% borrower contribution requirement and dependent upon the findings they may need 3-6 months reserves.

I will also be contributing a certain percentage of the cash needed.

Thank you all who contributed so far, your insights were helpful.P.S.

The population and job growth has contributed a lot to the real estate market.

See if everybody is onboard with keeping the  house and if so discuss how everybody can contribute a certain amount to cover the repairs.

You aren’t taking a “salary” from the LLC ... you don’t have to worry about “leaving” money with your company.You move money between accounts, you either take an “owner’s draw” to move funds to your personal account or a “contribution” to move funds to the LLC account.

My investor clients contributed the funds and I brokered both the purchase and sale transactions.

I can also see in-apartment cafes becoming a bigger deal.  

You always have the option to inquire of the neighbor as to whether they would like to contribute (or cover!)

Such as; how/when to sell properties, when to use a property manager, how long to hold properties, how each person is required to contribute, etc.