An investment club must register with the SEC as an investment company under the 1940 Act if:the club invests in securities;the club issues membership interests that are securities (see above); andthe club is not able to rely on an exclusion from the definition of investment company.For example, a “private investment company” may not need to register with the SEC.

This may or may not be the most appropriate forum to bring up on, but I'm wondering if anyone does their own professional real estate photography whether as an agent or exclusively as a photographer.

Hey @Brent Bagen, for bookkeeping, we use QuickBooks Online exclusively for all of our REI Clients.

But, excel is totally fine in the beginning.We use QuickBooks Online exclusively for all of our REI Clients.

If one is trying to exclusively use OPM then the value is there in letting the owner hold back a second mortgage.

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

Other family will typically step in and help you out.If you've got the money to buy, just find an older adult in your family, and make the pitch, "Hey, I'm looking to invest in real estate...

If more than one adult is in their part, I don't start screening until every adult has a complete application.

In such situations, a company can provide for exclusions of confidentiality.This exclusion of confidentiality states that all information shared is confidential except for certain information which will be expressly listed.

I am being told in a specific instance that copies of leases are not provided to owners because the legal binding agreement is between the property manager and the resident.In this case, I would have zero visibility on the nature of the lease terms, as well as who is responsible for certain costs borne (utilities, etc)If this exclusion to owners is allowed, what is required in terms of document retention in the case of termination of relationship?