Get a job in finance to improve your ability to get financed. 

I would put it into multifamily.  10% COC is unrealistic here in Central Oregon in my opinion or at least my abilities, but I think you could by something with under performing rents and then over the coarse of a year or two raise them so you are getting 10% on your 450k,  That would be using leverage.  

This is where @Brandon Turner invests he seems to make it work as most people are looking for job and population growth thus overlooking these cities

Unless your attorney tells you that you are responsible for this due to another Santa Monica regulation, and that would be highly unusual, this is a bill for your tenant.

Even if growth is headed that way it may take 5,10,15 years to get there and nobody generally wants to be first in emerging towns.Example where I live in Cherokee county GA we have crushing growth.

Also, can I do this through an LLC or would that hinder my ability to get the best outcome since I would only be a one third partner in the LLC. 

. ;)YUP deals are like street cars there is always another one on the next corner.. that is what my Dads Lawyer banged into my head circa late 60s and into the early 80s. but reality is for most buy hold is what they can realistically do with the capital at their disposal or their ability to finance.deal making and doing development and value add.. just is not feasible for most investors. from a capital standpoint.but when I put up 50k for a new build and 9 months later pocket 75k or more.. after tax  how many months at 200 to 500 a month would it take to make that kind of money.. 

Social media has been a big part of our growth.

If he will be utilized to check the health of the association, bylaws, etc, you can anticipate a bill of in excess of $3000Experienced investors have offer forms they fill out themselves, but unless the state has a promulgated contract, you will be foolish not to engage legal counsel.

Of course this would benefit them because that means free labor and the ability to scale their business.