And you don't just want to borrow $250k months or years in advance, and pay interest on it that whole time, because there's also the possibility that this killer deal does NOT materialize, and then you've been paying interest on $250k for no reason.So, a strategy that occurs to me:- Keep the primary residence mortgage free and/or pay the mortgage down aggressively and/or make appropriate improvements so the LTV is as low as possible, and open a HELOC with a $0 balance but as high of a limit as you can get, secured by that primary residence that is either mortgage free OR has a very low LTV (the lower you can get it, the higher that HELOC limit can be). - Go find those cash only killer deals.

If appropriate to have an entity at all, most hold RE in an LLC.

They manage about 6000 properties nationally, have a biggish operation in Atlanta, are really good about keeping your properties occupied, increasing rents as appropriate, etc.  

It's greatly appropriated. 

I have searched for properties and its the really old ones from the 1950s and older that appear to be high risk. I was think that since I have lived in homes from the 1970s and up, there would not be any risk of asbes...

Hi, I want to know if anyone else has encountered this and want to make sure I handle the process right. If you recently acquire a property that impacts your debt to income ratio but it has not hit your credit report ...

Illegal or not there are people who do it that wayGet an assignment of the contract from your wholesaler then reassign it to your buyer, This is probably the  most appropriate way to do it legally.

Someone mentioned a 4000 sq ft footprint.Get the architect to do a real quick basic design.The architect can then do an estimate on live and dead load.Then do a boring on site with the geotech to make sure the soil condition can support the building.If you are lucky, no special site prep is required.If soil condition isn’t ideal, then prepare to spend money on driving piles or other types of site prep to support the building.Once you have these basic information, then you know you have a technically feasible 12 apartment building.A couple days of feasibility study won’t cut it.The geotech information will be given to civil engineer and structural engineer.They will design the proper foundation.Structural engineer will design the load bearing structures.I personally like steel beam construction and concrete but they are more expensive.Civil and structural will work to design to seismic codes.Mechanical engineer will do the plumbing and HVAC.Buildings need to breathe or they’ll rot from within.Electrical engineer will design the power distribution with appropriate protection circuits.Mechanical engineer will need to spend time to research and work on sewer connection to city or county sewer lines.If design requires digging up a public road for a tie in, it’s on your dime.There is a basic connection charge to tie in your sewer line.Check with city of Bellevue on which IBC they are using.

Is there another more appropriate solution?  

I'm struggling with determining what is the appropriate ownership split.