If I sell the house, will the money from the sell go back into the total mortgage, or when I get the house surveyed, does that trigger a refinance and create two mortgages?

California LLC.  Business established Jan 2018.  My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC.  We have already poured our funding ...

@Jessica Geisler - I created a simple contract that I asked each seller to agree to before sending them properties. 

I think multifamily is one of the best vehicles for passive income, tax benefits and growing wealth, but my why was to create a lifestyle that supported my business.A strong why will counteract any bumps in the road, in my case, some pretty big pot holes.  

Do not listen to a loan broker who wants you to create a blanket loan and not an investor them self.

While filling out my taxes I placed the rental income as the LLC income, thereby creating it as business income subject to self employment tax.

Part of the REI mentality is that you can create your business - your business being rental property management, which is contingent on stable, good tenants.For example, say you purchase a property with a bad tenant.

There are multi-billion dollar expansions of several refineries along the MS river and that is creating huge demand for housing. 

What I'm wanting to do is to flip a few deals this year and then really focus all that cash build up and acquire distress home and force equity into them and create long term passive income single/small multi properties by using cash out refi (the BRRRR strategy).

No matter what platform you use, be sure to watermark your pictures to reduce the likelihood they will be stolen and used to create a scam posting.