If the tenants smell money, the sky is the limit.

As we only have a limited budget for these projects, we can only build them as fast as I can find resources to pay our developers.

Or why limit the number of mortgages from most lenders to an investor at 10?

Granted the indexes are mostly limited to about 20 years rather than something significantly longer.

Seems that you and the others would still be okay, until your house (the other 2/3 ) needs painted, then you would have to go to the limited palette.

If the LLC takes out the loan in an arms length transaction, then you have more protection against the creditors and individuals involved in the liability in that situation limited to those assets in the LLC.

I don't have a lot of capital since I'm just starting out, so I'm trying to limit what I have to put in the deal.Any ideas?

Operating expenses include (but are not limited to): taxes, insurance, management, maintenance, entity maintenance, advertising, utilities (at least during vacancies), legal fees, damage done by tenants (over the security deposit), vacancies, setouts, lawsuits, and capital expenses (not technically an operating expense).There is no 2.5% rule.

Similar to the old world of limited partnerships but set up rather differently.

I am very sure that the same program applies to both wooded and field (ie. it is not a save-the-spotted-owl program or don't-farm-for-cash program, but is for limiting development of any kind on any land.)