or Some combination to get a varied portfolio started?

I'd much rather be a recognized business with hundreds of properties that banks jump at the chance to lend to than a "nobody" with tons of hidden assets that has limited access to debt/capital to continue to grow with.

The combination of the added living space and updates allowed me to really pull in premium rents/usually less than 24 hours from vacant to rented and the initial (plus ongoing) equity increase has been phenomenal.Of course the downside is that you have to float the house for ~2 months before you are done with the work and get it rented out.

They usually have unlimited personal liability and partners are liable on a debt even if the other partner signed and they did not.

Awesome work having 2 properties paid off and valued at $500k combined!

We will be debt free including our little 3 bed 1 bath.

Not sure how much they look it to the application as far as use like a mortgage app.If your income is about $120K you'll likely get an unsecured line of credit at 30K, with good credit and no large debts, it will be issued as a credit card.

Jordan, there are a thousand ways or combinations to approach such projects, often under syndication, with tax credits granted, can be in a REIT or other structures, sole owners, affiliates and subsidiaries may be involved.

Combined we net about $83,000/year.

I had bad credit, school debt and had to borrow my first down payment.