Its the only chance you will get to buy cashflowing assets using barely any of your own money.

I have the cash for half the down payment but don’t have the assets or anything for the other 90%

I would also point out civil asset forfeiture is more likely because it really does pay for itself.You might also want to follow the many cases where people are challenging prosecution by claiming equal protection violations.

Usually you need to be a broker if you are third party manager...making money off of another person to manager assets that you have no ownership in. 

If it's 5+ units, all bets are off and you need to seek commercial financing, which can be tough to obtain when you're just starting out.

Solid assets feel safer. 

After researching I see that having an LLC protects our personal assets in case of a lawsuit by a tenant or contractor or whatever else.  

Hey BP, I recently started a discussion called "Looking for feedback on my next move", and have since been giving more thought to obtaining a HELOC or Home Equity Loan as my "no or low money strategy".Here is the scenario: I had my realtor run an analysis of some local comps, and she believes my primary would appraise at $272K, and my loan balance is about $226K, so equity = 272-226 = $46K (approximately).

I don’t have 20% to put down, so I can’t obtain a traditional or investment loan.

Second, if you are tearing the houses down, then the 24 unit condo approval the developer obtained is a "condo approval" not a "condo conversion".