That will give you some practical experience that you can use to apply and accelerate your own portfolio!

@John Thedford  I could see an ambulance chasing attorney following a lender who has this practice and then repping the trustors in an action for lender liability claim.

All lenders have pretty similar formats.I feel that it is a best practice to maintain it monthly...helps focus attention on making decisions that increase net worth.

But other than that one practice, I love owner financing.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

No choice.Can anyone else confirm this or give feedback on best practices?

Although it is good business practice to keep your personal funds separate from your LLC funds, IMHO there is no comingling issue with a SMLLC treated as a disregarded entity if you do not segregate your bank accounts..

It sounds good, but in practice all-performance fees encourage excessive risk-taking because the promote structure disproportionately rewards the manager for each extra bit of return versus the investor.

Forming an LLC in California with a great Operating Agreement & business practices that protect you from liability isn't cheap.

Real Estate is practiced slightly differently in each state from my experience so have a local agent that works with out of state investors and understands the challenges associated with investing from out of state.