My lender just called me quite flustered to say that he has learned that no one is doing the traditional 10% down loan for second homes, which is what I was going to use.

When acquiring a large portfolio of rental properties, what strategies have you found effective for managing or dividing the properties?

My question is, do you recommend using a lawyer to set up the operating agreement? 

We didn't end up going this route on our remodel, but there were 2 designers we talked to who do everything virtually which saves a ton on costs.

@Tyler Cornfieldshort answer - i don't know if you are or not. ask some lenders.but i'll say this about out of state investing at this time. 

It isn't that hard and once setup, you will do just fine.Some of what you listed is against the tax law I believe.

Just messaged you 

Its doable typically but make sure you do permitted work, otherwise you'll be stuck with hard money loans for eternity haha

I deeply appreciate the help.I sent you a direct message. 

The entire thread needed to be removed as the whole thing went off the rails with insults and nonsense that added nothing to the forums anyway, which is now done.PS: you were just being Jersey.