I spoke with a loan officer that I worked with before and wanted to relay some additional information to see if that generates different advice.

I did this before and unfortunately, I was dragged along for almost a year, but then again this was partially due to the borrower and his lack of due diligence (I’ll take blame too for partnering with the individual) but I like to think that the mistakes I had seen wouldn’t take place if the project was under my watch or to the very least the situation would be handled differently.The properties and deals that I generally see and come across in the South Jersey and Central Jersey areas would need a gap lender that would bring roughly 25 – 45K to the table depending on the area.

These subpoenas shall be served upon the unlicensed individual personally or by any type of mailing requiring a return receipt and shall include a statement of the manner in which the unlicensed person shall be required to respond to the commission.B.

As I mentioned he was an individual managing the properties and so there was no owner portal, etc. 

I had an Excel sheet where I kept track of every individual expense/rent payment for my first rental, but I just bought 2 more units and now I've been working on building a more robust version of the sheet that can handle multiple properties.

Plus, these would still generate positive cashflow at their current listing prices.I wanted to get some opinions on turnkey properties, any other pros or cons.  

Looking for all types of investors, agents, and like minded individuals who are interested.

In my personal experience (might have just been the individual and not representative of the company), they did not get up on the roof, they did not get into the crawl space, and they missed a handful of minor but worthy issues I would have noted inside the house.

Well, you can either hold the property in an entity (LLC), or as an individual/trust. 

Only one primary residence per individual or married couple qualifies for the Louisiana Homestead Exemption.