However, in recent years, I've seen this used as a methodology of raising money to buy low barrier of entry real estate and make sponsors very wealthy collecting fees while leaving the LP's with nothing but capital calls and suspended distributions.

You can buy a BUNCH of insurance for that.I personally like having an LLC, but if it would save me $850 per month on each house I own I hold them all in my personal name lol.

Investment Info:Single-family residence buy & hold investment.

Would the seller be interested in carrying a 6 or 12 month note for you for the remaining downpayment amount to buy some time to liquidate the condo?

*Newbie Investor I’m currently looking to buy a long term rental with minimal renovations in North Carolina and chose Fayetteville as my main area of interest.

I am buying two foreclosures (a SFH and a triplex). 

Don't buy and hope. 

As you grow and buy more properties would suggest a trust or similar entity. 

Mortgage Interest Deduction: You can deduct the interest paid on a mortgage used to buy, build, or improve your home.4.

When I’d reach out, I would simply say something simple like “I'm looking for fixer-upper houses and can buy it off market for an on market price.