It would be as if it were a line of credit. lines of credit are interest only and payments are based on the amount you draw." 

The next thing you know, your property manager is drawing unexpected fees from all the maintenance calls, lawyer's fees from evictions, instances of tenant placement, etc.

I don’t see how he can take owner draws from his LLC or entity ( that’s what an EIN is for) without reporting to social security.

When you're going through the rehab the banks pays out in draws.

It's not to say bigger partnerships can't work, but they require a lot more constant communication and I think have a lot more potential for issues.I do strongly recommend consulting an attorney to have them draw up an operating agreement for the LLC or partnership, which spells out each person's rights and responsibilities and - very importantly - how someone could leave, or be made to leave by the other people, the business.You'll need to consider questions such as, what if one person dies or becomes disabled?

The biggest issue is parking as one popular site draws a lot of traffic & the other tenants have to put up signs to reserve a couple of spaces outside their door.Our NNN commercial building, (picked up at auction), has NEVER been vacant & we've had a run of antique auto guys, various contractors & for the last 5 years a young kid who does kitchens & bath remodeling & is booked solid until November 2020.

We've listed one of our investment properties for sale and we're trying to look at our options for the subsequent purchase.If we net what we hope to for the sale, we're looking at about $265k ballpark after all is said and done. 

How much should I draw?

We can find you a HUD consultant as well as possibly a contractor and one of the most important pieces is the draw process, which is something a lot of people overlook. 

Something that I have thought about is where to draw the line between being okay understanding real estate investing is a long term thing and simply accepting slow growth.