On a first deal I think that can be challenging to nail and sounds like you did a good job?

Or is it standard procedure and something that will be handled at closing?

This would increase the overall raise amount, address our challenges of raising capital per project and the returns would be shares of all the projects.

@Matthew Charron I do hope someone takes you up on your offer.In case no one does though, I'd recommend you attend a local real estate investor group like Black Diamond REI in southern Mass. or RI Real Estate Investors Group in RI.You'd want to engage several people in conversation, particularly during the times at the beginning and end of the meetings when folks typically network, and maybe ask a few folks out to coffee.Many people look for "mentors", and that might work for you, but another approach to consider would be just to try making friends with people who are one or two steps ahead.So maybe they're not successful full-time investors (the Holy Grail of Mentor-seeking), but instead own one or two rental properties, or have done one or two successful flips, or really anything in one of the directions you want to go.I find that can be easier to achieve, and you can get a lot out of it because such folks are very familiar with the challenges you face - after all, it wasn't long ago they were at that same point themselves.

So, that could be an interesting challenge to overcome.

Swap out on units is easier also, just a plug no fittings to fiddle with (ie: anyone with a dolly can handle).

You do not handle the funds directly.If you pool the money together, all the investors will contribute a certain amount, which is deposited in a general account and used for real estate projects.

I'm looking for advise on how to handle this.

I’m looking at creating an LLC to allow rent received, etc etc to be handled separate from me, myself.

I don't  have the cash on hand for a conventional loan to be able to put 15-25% down so would need a partner or private lender that can work with me on the financing, and I would handle everything else involved with a buy and hold rental.