It depends on how much the NY house will sell for vs how much the TN house will cost.

So how much did this cost me to get involved besides an awful lot of time?

They can’t lend you more because if they have to foreclose it will cost them at least 10%.)Then you want to take that $300k and get a loan for another $300k with that $300k to buy your dream home.

Boostly says they can get you to 65% direct booking but it costs 5k - 6k plus $95/mo. 

There are some bond programs both county and state level that you can get the downpayment and some closing costs paid or go new construction and do the same via the builder.

I am looking for an investor to partially fund some of the soft costs for a large townhouse project I'm working on. 

In this same deal, the investor would need to come with 15% plus closing costs and let's call it 17k. 

This is because keeping a property nice has associated costs.  

My partner will be general contracting at no cost, although he will be paying a few key 1099’s and contractors .

If you’re not going to make the smart move of selling tax free, and make the questionable move of being a landlord in Ca just because you already own the home…A) No LLC, it won’t help with taxes, liability, or anonymity but it will increase the cost of insurance, taxes, and any financing  (and maybe the bank calls the current mortgage  due.)B) Get an umbrella policy if you are worth more than $1M, maybe $500k  C) Don’t even THiNK about doing this yourself.