I’ll see how this holding experience goes then I’ll consider my real estate preferences.

I've only invested in South Florida to date (I own several condos) and would like to explore investment possibilities in Atlanta and the surrounding area (multifamily is my preference but I'm open to sfh). 

I’m asking because my preferred route was to go with no banks to eliminate time and more paper work.

The local lenders I’ve talked to all seemed prefer balloons as to reduce their risk.  

Making requirements of 21 and married is asking for trouble as age and familial status discrimination are prohibited.I understand not wanting college-aged individuals to tear your place to bits, but explicitly stating the requirements you have seen can get those landlords in trouble.

I understand that this can and will be different person to person but I'm struggling with a few things:What is everyone's preference when it comes to SFH vs MF?

When it comes to sell, a LLC and Individual the capital gain tax rate now is very close just a few % apart.

Hi all,I am a new to real estate investing, and I am looking to do my first investment on Long Island (preferably Suffolk County). 

Is asset management fee taken out before or after the passive investors' preferred returns?

Either way -- I suggest you read the individual leases (not just one as they may be substantially different) to see how you can be in a position to get rid of the chronically past due if needed as well as frame for a future need of getting rid of the gentleman who is "getting back on his feet" in the event that he stumbles again.Good luck!