After running this place for 8+ years, every little message of support still means a lot to me.Keep jumping in and getting involved -- it is well worth the time you spend!

Now I try to spend less time coloring outside the lines, and stick to what I'm best at when I'm stretching my capital.

My advice (for what it's worth), if you're looking to raise money and you don't want to do a DOT for every single deal, spend some time speaking with your attorney and it shouldn't be very difficult to set it up the right way the first time so you can ask friends and family while looking like an absolute professional.

Having the city so close by has made it very easy to rent - I've never had more than a month-long vacancy in five years of being a landlord, and that's if I spend the majority of that time getting the place ready for new tenants.

You and they will likely give a personal guarantee for any loan, so the difference will be in commercial lending guidlines.Since you are immediate family members, you'll be exempt from SEC fund raising issues as well as the SAFE Act if say your father makes you a loan personally if your home is included in all this.Yes, your LLC needs to be formed prior to purchase and applying for the loan, I suggest you spend a few bucks and see an attorney in setting this up, there are options and aspects of such an entity that simply are not contained in some internet LLC formoperating agreement.

A rehab I am not spending much time on and I sell it and make 35k and it was a job where I spent an hour a day in the house for 60 days then sold it.

Ryan, I really think you should physically inspect each unit before you go spending big bucks on separate meters.

Personally, I say great call on not spending $25K for the up-sell, there are just so many other options to learn what you need to know and you can save that money and do what you are here looking to do...buy properties!

If you are spending $30k, you should be getting at least 15% off and up to 22%.

Although I do have a nice earning potential, the amount of money I spend each month paying pack loans really limits my ability to try to fund my own deals.