So when it comes to the LLC’s I have 2 LLC’s that this company created for me, as you know, one in WY & one in PA.

Hey everyone I wanted to warn you all of a predator & scammer who does all sorts of back end shady deala in multiple areas of real estate.His name is DJ Thielen and he always manages to scam everyone out of money.

Our efficient project management ensured timely, on-budget completion.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Quote from @Connor Golden: David's book is a great start.I think it's important to narrow in on a market, then look for a solid Property Manager.

I have years of experience in real estate but more on the commercial investing and property management side.

Our efficient project management ensured timely, on-budget completion.

Out-of-state turnkey may sound attractive, but the cash flow is low and the perceived passivity is too high as you still need to manage the manager to be successful.Go to some local real estate meetups, talk to other investors near you and see where they are investing and at what price point.

I’ve seen a number of companies highlight dscr and ground up construction so it would appear these are different products and the ground up development is more private lending.Kevin 

I intend to invest long-distance in small to medium size multifamily properties and hire property managers, not sure how often physical checks will be needed.Appreciate any feedback or other bank recommendations, also looking into NBKC and LendingClub.