You have no margin for error.You need thicker skin in this business.

an operating agreement is basically the contract between you and your partner, and not an area i'd skimp on. the operating agreement is the guiding document that sorts though the rough times...should things go south. and they do, sometimes even with family ...

In either case, I'd expect them to want you to have "skin in the game" with a reasonable sized down payment (in addition to their points and interest).If you're talking about getting conventional financing to an LLC, you're going to find that next to impossible unless the LLC itself has good credit history.

to go through everything with a fine toothed comb.Alternately, some sort of clerical error by someone, somewhere, has caused this to happen to your house when it should be the neighbor's.

What sort of services are you needing?

I sort of like the catchiness of "additional traditional" but on to the question.I have one duplex - cash flowing fine - mortgaged "traditional" with 5.3% - 30yr fixed.

Good luck in sorting this out!

I'm looking at a slight negative cash flow if I rent it out.I'm new to this sort of thing but I really think there's a deal to be had here, it's just not straight forward.

I'm trying to sort out the process and contracts needed for purchasing and selling raw land, and I've devouring content from @Seth Williams and @Mark Podolsky on land investing.I'm excited to get in the mix to learn and help where I can!

I did not think this sort of information was public knowledge.