I was able to package those skills to other investors and worked my way into equity deals by simply providing value that they needed - development of their business systems, internet marketing expertise, knowledgeable networks and due diligence ability (analysis and research).So, it's not a question of age - it wasn't for me either.

Almost 100 miles of straight development north to southeast minus a few mountains:)

@Nick Hedberg, no, I haven't used Turnkey, but I am developing a setup Team to help me with my research and to be ready for me or my sourced Investors to pull the trigger (ie. not turnkey).Companies that specialize in selling Turnkey Properties will often/usually have the required after-market services available through them too - at their (full retail, plus admin fee) prices.

And that it's important to me that I get this right.In short: until I'm using commercial financing, the LLC is not helpful.The only place it makes sense for us is on the development-and-sale side (meaning, new construction), but that's a different story.

This allowed me to develop systems and practices that were focused on quality not commission.

In my day job, I am a corporate and securities lawyer and I frequently help real estate developers structure the legal entities they utilize for the investments and also comply with federal and state securities laws in connection with bringing on investors.  

I have been investing for about a year now and have developed a criteria and spreadsheet that works for me when analyzing deals.

Started in the construction side of things developing large commercial projects back in 2009.

So talking to them face to face shows them you are serious and you can develop a relationship with them as well as finding out exactly what they want.

Once the developer pays operating expenses and the senior debt payment all income must go to pay the fixed coupon of the mezzanine debt.