They typically create an LLC operating agreement to define roles, profit shares, and responsibilities.

(A Kitchen defines it as a “unit” vs just a few rooms downstairs.) 

A well-defined mission aligns everyone’s efforts toward a common objective.

.- Loan Structure: Define your lending criteria clearly—interest rates, LTV ratios, fees, and terms.

Reach out to a few and see who you like.You can also ask members of your local real estate investors association for real estate accountant recommendations.Good luck.Bill thank you for the advice from the tax aspect. 

If you ever plan on doing this later in your days, you could always do a management company and just expand on that, but I can tell you from my own perspective  that LLC – S and being W2 employee under that may limit some of your lending aspects, but it protects you around the world anywhere you go further if it comes to it, you can bankrupt your company, sell the assets and open another company the same way and you’re still protected through and through. as my wife is a high earner, it really protects her from civil suits and other things like that or anybody that ever comes to maliciously take what is yours.

I just hope i can find something before the new year ideally so i can stop paying rent and own something.Noted on the cash flow aspects too (i have been using the duplex calcualtor for this) and understand i will have a small net payment each month while living there, which is completely understood and fine by me (better than paying large rent)

:How are we defining class D?

My advice is to try to define what you want to focus on (flips, rentals, etc.) and then work from there.

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.