This is a very easy and time-efficient way to pool money without a security exemption if you can do it.There seems to a trade between how much control you’re willing to give up and the amount of cash you’ll have access to.

So you’ll really want to feel comfortable with the refinance part of this transaction as the LTV tends to be about 75%, so you’ll need to ensure you gain that amount of equity with your renovations.

Just wanted to see what other’s experiences are with passing on wealth to future generations as tax efficiently as possible (both short and long term)?

I set my deal up so that the cash flow would exceed my down payment by the end of the term, ensuring me a profit, and any appreciation if I decide to purchase would be icing on the cake.

This will help keep your mind a little more sane, and will ensure that you have the best protection bang for your LLC buck!

Not every agent understands investment real estate and they can lead you far astray.Know your numbers and dive into the forums and info on BP.Meet with a RE attorney to determine structure and get advice on the best place to start with your financial capability.Get a GREAT CPA to ensure your tax liabilities are minimized to the greatest degree.Find an INVESTMENT banker in your area and establish a solid relationship so when you find a deal they are willing to help you out.

most people are not that lucky and few can time the market. the point is, especially if you are house hacking a MF ensure that the place cash flows (may not in DC?)

When we first started, we were looking at entire regions (for flips) and that ultimately slowed us down because every lead meant learning a whole new area - not efficient and not recommended IMO. 

I started this project hoping i could efficiently review the most amount of properties in order to maximize the potential investment options to bid at auction....this is what I have so far.First thing i did was to create the listings, I matched the properties been auctioned with their corresponding pics and the property specs (rooms, size, floors etc.).Second, for each property I automated the data collection process from public records and created a report with: Foreclosure info, owner info, taxes data, liens including mortgages , satisfaction of mortgages,  assigments, violations and permits and court dockets.This data is updated daily to capture new filings (specially the dockets to capture bk and motions to cancel sales)Now that i have the data i can apply my personal "preferences" to go through the report and in a few minutes discard  properties that have certain attributes I "dislike". 

While I agree with the maintenance, I think utilities would depend on the individual mobile home's energy efficiency vs. the average energy efficiency of homes in the area.