Purchase price: $360,000 Cash invested: $23,000 Multi Family- bought by our LLC, and will produce high monthly income What made you interested in investing in this type of deal?

Draws every two weeks, one if needed), need to be able to produce a schedule of construction (we have tools you can use), and adhere to it as close as possible.

All the while, you always have control and nobody else, not even your attorney, can manage or sell your property except for you.If you need to prove ownership for financing or any other reason, you simple produce your company documents as well as your banking and accounting records.

its exciting and stressing... " did I make the right choice" " Did I buy in the right neighborhood" " Will the home continue to produce cash flow" " How much money do I need to put in to keep the house alive"..

If there are solid procedures in place for bookkeeping it can be a relatively smooth yet necessary evil. 

All the while, you always have control and nobody else, not even your attorney, can manage or sell your property except for you.If you need to prove ownership for financing or any other reason, you simple produce your company documents as well as your banking and accounting records.

If you aren't 100% comfortable with how it works, and you're in a tenant-friendly market (i.e. more complex procedures), then you should work with a housing attorney who knows the process. 

So, after reading a book at the library about buying income producing properties and studying the pros and cons, I went for it.

In 20 years or more, I've never had to foreclose but have done numerous modifications that allowed the borrower to complete their project and produce a profit while my company received a greater yield by being willing to be flexible.

It is not user friendly and will not produce any results if you input anything wrong.