I buy turnkey and have a few “safe guards” in place:- All of my properties are freshly rehabbed (lower initial cap-ex expenses)- Most of my properties have a vacancy guarantee with the PM company (if property were ever vacant for 90 consecutive days, PM pays me full market rent starting on day 91)I’m just trying to figure out what is “enough” for reserves, if there ever is such a thing, and balancing that with expanding my portfolio.  

That being said you may find some local banks that will let you guarantee the loan on behalf of the LLC.

What you are needing is a Portfolio Loan in the name of the LLC with you guys signing a personal guarantee.

You will be looking at 5 year term / 20 year amortization loans most likely and you will most likely still be needing to give a personal guarantee on the loan.  

I’m the buyer and I can guarantee the documents were read word for word but we’re of no help in this situation as no one except I suspect the seller knew of the manhole coverThey felt so bad about not saying anything toLe they gave me $7,000 to offset some of the cost 2 years after buying the lot 

Originally posted by @Will Hanner:Chuncking 12K annual via HELOCI can virtually guarantee you that this chunking process on a heloc is costing you more money than if you simply stopped and paid the mortgage directly.

You might find it’s being taxed on a lower value than you’re going to pay and your taxes are guaranteed to go up. 

You can call it speculation but real estate goes up over time, almost a guarantee simple based on the cost of labor, materials, and the land it takes to make real estate happen.. not to mention, population growth.

Partnerships requires profit splitting, likely equity sharing .Therefore finding deals that will cash flow well to guarantee that  you and your partners all succeed in yall deals.

This will "guarantee" getting you first money investment/downpayment and a little bit more in the refinance process.