Essentially, they do the work that you would be doing as the owner and landlord of a rental property, just on a massive scale.The limited partners (LPs) are the passive investors (others like you), who invest their money into the deal.

The paperwork will be essentially the same.Though state-specific, if you want to get a sense of some of the loan documents required for a typical private money loan, look here Private Lender forms required??

Just search out Lease Agreement Packages in the TOOLS menu at the top of the page.

The site has quite a few tools that can be helpful for new members.

The site has quite a few tools that can be helpful for new members.

A HELOC is a great tool and just as people mentioned above it has pros and cons to it.  

And it takes hours…  This process could probably be automated a bit using some visualization tools in Python (software scripting language).  

“A/C was stolen”: be careful, as soon as you put down a new A/C it might get stolen again the first night after you put it in, just like tools and materials during rehab. 

I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThe site has quite a few tools that can be helpful for new members.

I saved wht I trid to post, it was clean of any references.I'm sick of BP shutting down trying to post content like I like to use this RVM tool abc.com. and getting the post blocked!!