This will be my first time putting a fund together.1) Create Financial Projections, business plan and investor pitch deck.

You should be just fine with the properties in your personal name and an umbrella insurance policy.

Lending tax-free or tax-deferred using a self-directed retirement plan is a great way to get into the business.

Multi-Family is currently getting a ton of scrutiny from lenders over expenses...particularly insurance.

MY PLAN: My plan was always to refinance the mortgage when rates dropped in the future, so my hope is that my mortgage would eventually come down to around $1,500-1,550 which then makes my numbers closer, as rental prices increase over time.

If you purchase a property, many of the costs on the closing statement are added to your basis.There may be some items that are eligible for an immediate write off such as pro-rated taxes, interest, insurance and hoa dues.

Everyone seems to talk about including the costs of the new mortgage, taxes, insurance, maintenance & capital reserves, and the vacancy projections when looking at realistic cashflow, which we already do for all the properties in our rental portfolio.But we, like many, cant find properties that are making any cashflow sense right now.

I plan to follow "The Stack" method laid out by Brandon Turner in "The Multifamily Millionaire" vol.

Happy to jump on a quick call, would love to hear your plans.

A landlord also has the responsibility to repair and maintain the property to insure that it remains safe and livable.