Typically they will require that it be a single purpose entity, meaning that the LLC is created for the sole purpose of owning that property.

@Ryan Swan  Okay I see, So hard money lender‘s Have the home appraised to assess the value for collateral purposes.

The GP's have a higher promote, the LP's still get cash flow and have equity back to go get more deals.

We were able to get their offer accepted and the house is going to work for their purposes, it meets their goals, and is under budget, but it certainly was not what they were originally looking for when we started the process. 

That’s the purpose of the abandonment clause.

I literally heard someone ask to find help finding a mentee yesterday in Austin for real estate purposes.

I am not  getting any incentive by promoting them, just like them as a credit union

I agree with many of the other replies, in that I do not encourage an investor to liquidate a retirement account for the purposes of investing in real estate when there are some options out there that allow you to keep your retirement account and invest in real estate.

It's purpose is to protect our interests and also to set some expectations for the guests.Learn about Credit card charge backs. 

There are some really great ones on the outskirts of town, I tend to look for communities with a Starbucks or Target near by....it promotes staying active, and consumerism.