.), it is easier for that LLC to purchase property as it would be for an individual.2) If you are purchasing a property cash, you can do it through an LLC because there are no income requirements other than the monies to pay it off.3) If you are starting out for the first time and the LLC is new, you would need to find a lender (I used BB&T for this) who will allow you to purchase the property under your name and do a limited warranty deed to the LLC at closing without triggering the "Due on sale" clause.  

If you can help me out I’d be happy to mail you a gift card or help you some other way if I can, in appreciation of your time.Over the past 8 or 9 years I’ve acquired a handful of rentals in Seattle suburbs and south of Seattle but I’m currently setting up my first rental inside Seattle limits, the remodel will be done in a week or two.  

You can even diversify across asset classes - think MF, self-storage, mobile home parks, office space, etc - AND geographic location.One limiting factor though is whether you are accredited or not.

I'm deciding between an LLC and an umbrella insurance policy to limit personal liability. 

Also, research local codes if building within city limits.

I have very limited funds so I’m trying to be creative in ways to get my first rental property. 

Navy federal approved me initially , but denied me and said they couldn’t because it’s a duplex and second home , which limits my opportunities in a way.

My reasoning for the purchase was not only to rent it but I knew that the 100 unit complex was the cheapest in the location with limited supply and a high demand.

It's either a limited partnership requiring a private placement, or it's a democracy partnership which falls outside of SEC.

How working without a clear scope of work and a basic understanding of residential construction project management, as @Frank Geiger mentioned, just a vague idea that you're going to begin at the beginning and end at the end, makes it even worse.I started on a very small, limited flip, a basement efficiency apartment.