Hey @Brandon EllisThe entity structure you are referring to is known as the Series LLC.

Just make sure there is no "structural issue" with the property or some issue that will drain you financially.Don't get analysis paralysis. 

@Mae PattonDid you even physically go and look the properties over before you agreed to pay out and buy into them ?

However if you can truly only afford $450 then I don't know how you can structure it so that you can afford it and they can safely expect to get their money in a timely manner.

My question is: I obviously can't go driving for dollars, put up bandit signs or join a REIA networking group just yet without being there physically but what are some things I can do now while I am waiting to get out there to start marketing and generating leads?

I regularly engage my previous CPA and need someone I can actually bring documents to physically when I have questions.  

You'll have to know what's allowed in your zone and what the restrictions are.You may not be able to put a second dwelling on your lot or the lot may not be conducive to a new structure (e.g. need certain setbacks from the property line).Finally, is it worth it?

Its all in how you choose to structure the deal.   

They've been dressed up over the years with new roofs, vinyl sizing, replacement windows, etc. but it doesn't change that they're structurally inferior to conventional stick-built houses of the same age in other areas.

We have met with our CPA and been advised about business entity structure.