The reason I'd be happy with 2 million is that my end goals are freedom and security, not necessarily the best return on my money.

They will not want to see any member with a low score (below 680, for example).For the second part of your question, they may follow that formula (which is a formula for conventional lending), but your LLC will not be able to obtain a conventional loan, rather a portfolio loan from your local bank, and they may well want to see signed leases and proof of a security deposit.

And if they sell it, they have to pay $30K right off the top.Yep, there are intangibles like being able to pound a nail in a wall or paint a room purple without worrying about your security deposit.

Throw the middle east in their and who knows.I think we'll muddle through for another year or so and we might get more monetary stimulus.

Here are another few pieces of advice that can help - especially if you have a full time job:* Cell - Buy a pre-paid cell phone and record all the details regarding the property (how much, how big, verification needed, security, etc.) on the VM.

Accept a down payment, security deposit or application fee that are all non refundable?

Large security deposits required by utilities for commercial accounts

:)In all seriousness, you want to start asking your professional friends (high income earners such as doctors, lawyers, engineers, etc) and your older friends (those who might have retirement funds they aren't yet using), and see who is looking for a better return on the cash they have sitting around.Then pitch your *low-risk* opportunity (explain how it's secured by real estate worth a lot more than what you're borrowing) and see if they're interested.

If you work for someone else and there are matching funds that vest immediately you would be throwing money away not to at least invest what the employer matches.

I am using the extra cash to throw at the principal on higher rate loans.