Also, we are looking to do cash deals going forward so we can decrease the fees associated with doing two loans on each house, any suggestions on where to get a non-secured LOC or maybe a LOC based on a multiple of liquid assets? 

Total Expired vs Percent SoldThis graph surprised me the most, in that homes listed in the period from June – August appears to be the most likely to expire.

@Rudy TateI just got this from fundrise:Fundrise Advisors, in our capacity as Manager of the eREITs and eFunds, has determined that it is necessary at this time to suspend the processing and fulfillment of redemption requests.While under normal market conditions, we seek to provide investors with the ability to redeem their investments on a regular basis, during times of financial crisis or extreme uncertainty, it is absolutely critical that we suspend redemptions in order to protect the interests of all our investors.As Manager, we have an obligation to make decisions based upon what is best for the entire Fundrise investor community and must always put the priorities of the whole above any one individual.Fundamentally, Fundrise investors own real property, which is simply not liquid. 

When I put both of these into the schedule E, it says that my income is $3k. 

@Lynnette E.

Typically, a short executive summary or narrative on the deal, property address, loan amount, Use of Funds (especially important if you need rehab $) purchase price, LTV, NOI, DSCR, Debt Yield, your experience, Net worth, liquidity, FICO etc. 

Cap rates are starting to push so thin that you can get similar returns in more liquid options. 

The stock market averages 8%, and it's more liquid.

The reason I recommend using partnership is to control how the income hits your 1040 schedule E.  

A purchase and sale agreement has an expiration date and doesn't cloud title anyway, unless the buyer pursues it.