I would supply the cash for the initial purchase and rehab, he would do all other work involved.

In 2 weeks we start marketing and I have already started networking with brokers.Next up:I want to raise $3MM in private funding to acquire apartments (not exactly sure how to move forward with this one but have been spending a few nights a week networking in places I hope to meet them)Glad to hear people are still doing well with supply tightening, and thanks to BP for the support!

The "choice" you have is to relocate to a different area that isn't governed by HOA's, unfortunately it appears that in your area, the supply of such places are few.

In moderate metropolitan areas where supply/demand is somewhat liquid as well as comps relatively close the Zestimate has been really close.

The primary difference this time around was the complete lack of lending standards that led to the inability of banks to decipher (or caring to decipher) between high quailty mortgage loans and junk loans.If yields start to go up and hedge funds/investors begin selling homes in order to chase the yields on corporate/govt bonds, then prices would fall based on supply and demand theory.

I still do not see the relevance of the contract which the LLC operates as it relates to new ownership of the real property.I don't think you have anything to fear by supplying the OA.

If hot water, is that one hot water heater supplying hot water to all units?

Craig Parnacott, Seems to be a great supply of well-priced multi-family units in Canton.

So I can retire, and that will supply me with income...

The bottom line is, I have a limited supply of cash (for now, any way) so the question becomes "How much money can I get out of this money?"