Sometime you will need to have cash in hand to pay the contractors as they don’t like waiting too long, and then you request a disbursement from the harm money lender.

According to them, it is standard practice to quitclaim the property back to the name of the individual to get financing, and then put it back into the LLC or other structure.

It helps to have a large network of contractors (either a trusty GC to handle the whole project or you need each individual sub... painters, tile folks, electrician, plumber, etc.) for homes that need a lot of rehab and that can be hard to find from a distance.

I'm in a mastermind group of 3 individuals and we have been meeting weekly on Zoom for 3 years.

Traditional has nice terms and long term security, much easier to finance individually if you ever think you might want to sell one of the properties for any reason because it's time consuming and expensive to separate it later. 

I would like to have responded to each of you individually but I don't want to inflate the post with 4 it 5 of my own replies at a time.So thank you @Jonathan R McLaughlin, @Jason G. , @JD Martin, @Justin Sullivan, and @Steve Milford.

I have approx 34K in 401K, 31K in a Roth Ira, 17k in a Individual Taxable Investment Acct, 13k in cash reserve, 5k in individual stock picks, 10k in BTC/ETH.

For the individual who posted this question, I have not read all these books, but my husband lets me know which ones are worth reading. 

Price point, area/location, individual investors abilities or finances, individual investor's risk tolerance or business plan, level of rehab, etc.As an example, the 70% rule (more appropriately should be named "70% guideline), is a simple back of the napkin analysis and is NOT ever to be used to make your final purchase decision.

We return deposits to the individual(s) that paid the deposit unless there is a change in tenancy, in which case we would pay the original tenant the deposit.