I am adding my first multifamily (quadruplex) to my portfolio very soon.

Financing either is a bad idea and will raise a red flag with a lender who will look at sources and uses of the loan request.

My units do not turn over often.  

My long term rental will then be owned by this Single Member LLC.

Hey BP, I am currently playing my last year of baseball at the University of Memphis.

I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

Plan is so that he can retire and him and my Mom can be financially secure on rental income while my sister and I manage the properties in the trust. 

It would actually be nice if someone's point of view change my mind.

My goals are purchasing single-family homes in lower cost areas ($250,000 maximum purchase price) and my priority is buy and hold.

LTRs require finding tenants much less often, but they also have a large pool of possible residents that understand the process and a large buffet of online places to source them.