Or, I’d look at properties (yes, multiple in the right market) to buy with cash but knowing I can pull that cash out later if I wanted to and begin recycling the capital over and over, while still having the safety of acclamation to the initial investment.

☝🏻Don’t get too worried about their initial statements of what you can’t do until you have you’re attorney review the ordinance documents and talk with their attorney.

I'm not anticipating making a great return initially, but it's a starting point and will help reduce my personal housing expense and give me experience at the same time.

I second what the others have stated - not much need for an attorney on your initial/first LLC.

Do you have interested prospects file out your complete application at the beginning or a shorter questionnaire for initial qualification?

But, the initial investment money is not taxed at that time right?

Obviously a large initial cost in the beginning.

@Peter Lee..did you find what you were initially looking for? 

Thank you for the reply Initially I would like to do some flips if even a flip to rent out situation for a year before selling unless it is cash flowing really well.

Initial thought is to complete the "rehab and refinance" part of the BRRRR on the property I already purchased so I can get money out for next investment.