This could include: Personally securing the mortgage loanPersonally committing a tort or crimeCommingling accounts, other other finances, or assetsFailure to properly segregate each entity including yourselfNow I don't know your full story, but based on the size of your LLCs and the way you described your money handling, you may have already created a liability for yourself.Hope this helps!

If doing this is truly what you want to do, then fully commit to it and make a real investment to start off with.  

This time was once filled by taking ridiculous course loads, but now that I spend more time in clinic, I don't have nearly the after school commitment that I once had.

I´m 25 years old, originally from Mexico City, but living in Columbus Ohio since 2016 due to a job relocation.I have a bachelor's degree in systems engineering and a MBA.Currently working a full time job on a supply chain company in Columbus, Ohio.Actively looking to learn and start investing on Real Estate in order to get an early retirement (stop working for a company and spend my time and money on my own business).I have very basic real estate experience at the moment.I guess as many of you I started a couple of years ago with "Rich dad poor dad" and from there I have been trying to run out from the rat race.On November 2016 I attended one of this guru weekend workshops and taking out the fact that they try to sell you a "magic formula" to get rich with just little effort and paying them 50K, I think it was a good introduction to what real estate investing is, get to know some vocabulary and a better idea of how the business works.After attending to the workshop I decided to research a little bit more about RE and I found this awesome site called BiggerPockets, in which I have found a lot of interesting forums, webinars and podcasts.My real estate goals at the moment look like these...2017 - Learn as much as possible about real estate market on my area, raising money and exit strategies.2018 - Have a detalied real state business plan and do my first investment.2019 and beyond - Spend a big amount of time and money working to get a monthly income of 5K on real estate investments.I´m currently looking for a mentor to guide my real estate experience on the greater Columbus area.My main interest at the moment is the buy and hold strategy, so most likely I would like to connect with people already making some money of rental properties, but I´m always open to learn different strategies.In reward, my mentor will get my commitment of about 10 to 15 hours a week of hard work on helping get and analyze deals by performing some time consuming tasks that could be delegated to me so I can learn about the business while I help someone else grow your business.

Within 30 days you can generally get all reports back and work through all seller due diligence material items and receive a loan commitment from the lender and a rate lock.The LOI part is so that my buyers hopefully limit upfront money spent and do not jump into deal after deal spending thousands to tens of thousands with an attorney negotiating PSA's and ordering reports to not close on a property.This is even more important with 1031 exchange buyers as you do not want to set a selection only to find out a massive problem and you now just have 2 choices left as all 3 choices are locked in after the 45 day ID period.

If you sign the docs and move out prior to one year without just cause, you would be committing mortgage fraud. 

It's great to have you here on BP @Christelle T.

@Eddie T. - Groundfloor did not have to pull my personal credit as they require the property to be in an LLC and they vet the deal.

I don't want to commit to a 500k unit building for a first rental property.

A few hundred dollars may be well deal t on an energy audit which some utility providers assist with.