This is a great place to learn and further investigate investing in real estate.

An LLC is useful for two things: anonymity and legal protection.

Quote from @Tamera McNeil: Hello,I am Tamera McNeil and looking into buying rental properties and investing.

None of them use this "1% ownership" arrangement.I seriously question what this attorney has told you. 

Logify is a terrible product but you PM should have something similar for you to see this info.

@Patrick GoswitzReally depends on the contractor, with a background in this, I used to run a painting and flooring company.

Cash- We could use cash right now.

Hope when they do folks find this and the many other threads talking about them and know what they're getting into.

Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

This allowed me to focus mostly on cash flowing properties, then the area, then tax as an add on.