So those types of buildings can sit for a while to get redeveloped when not in an urban core or strong suburban location.Retailers for brick and mortar are averaging about an 8% purchase return and exchange rate on merchandise.

Develop an operating agreement that spells out the purpose of the LLC who has what role, who makes decisions, how are differences between the two of you resolved and an exit plan.Have an attorney draft up the document so each party is protected.  

AB 671AB 671 lowers costs through government incentives for building ADUs with affordable rent.The bill would require the Department of Housing and Community Development to develop a list of existing state grants and financial incentives for operating, administrative, and other expenses in connection with the planning, construction, and operation of accessory dwelling units with affordable rent.

Not to mention you can scale infinitely with a Series LLC.You can also set up an additional traditional LLC on the side to perform your "operations" that would separate the liability for operations from your assets, or properties.

@Joel Owens  I was thinking we would see outer suburban crime pick up as more people have road rage driving an hour into the urban core for a good job. :-) @Marisa Rowe  That reminds me.  

Louisville is still a red hot real estate market especially in the urban core but we've gotten to the point here the best neighborhoods have been gentrified and all the old housing stock has mostly flipped.

I was hoping for leads to specific brokerages that actively operate in the investment space.   

As we've scaled operations, we've significantly improved our origination process, from application through closing and repayment.

In terms of ROI typically I try to price it so that i make about 20%-40% of my money back in the form of equity and operating income.

@Joe Villeneuve it seems you are operating in an environment I am moving towards.