Essentially they are a poor choice. and you still deal with the only ground stuff which is the real hard part of itOriginally posted by @Michael Baum:Evolve does that for 10%.

The second choice is to refi the first property to 25% equity and consider it as an investment property.

You should probably consult a lawyer and cpa to help you decide.As a general rule, for LLC owning directly real estate, it is often recommended to have the LLC recognized in the state where the property is located as it is a requirement if your LLC need to be represented in court (think eviction or code enforcement problems).There are ways around like using a local operating entity or even in some cases land trust.The choice of the LLC state may also be based on some cost factors.Last but not least, while all LLCs have the same inside liability protection, states differs widely on outside protection.

@Ryan Luby This helps a lot I definitely think that doing the 3 as rent to owns and ultimately having the goal of selling atleast 2 before starting the flips is a great idea from there I have additional money saved for the building so I could use the money that I earned from that to get more rent to owns and eventually flip them.

@Ryan Kelly I was trying to say Craigslist and Zillow

I'm accredited, so I was thinking to invest directly into MF (out of state), but after all PM fees and everything, it would only cash flow $100-$150 / door, and I'd have CoC maybe 6-7%.My other choice was to invest in a few syndications for more passive work and likely less headache.

@Ryan Flannery - any areas you would stay away from?

@Ryan FisherNothing stands out as crazy off on the expense side.

@Ryan Kelly hi Ryan, to be honest I change my mind on strategy almost weekly and that’s where my shortcoming is.

@Ryan Steiner I was hoping you would get some replies as I have this very same question!