The real interest rate of these products can go to as high as 20% but the loans are structured in such a complicated way that, sadly, most people don't realize that until it's too late.The alternative to bank financing is seller financing.

Once you learn experientially, then I think it would be good to gradually move into more complex deals (off-market, complex financing structures, in need of large repairs, etc).  

You should speak with an independent insurance broker who specializes in the needs of property investors.You will likely need a short-term vacant/renovation policy to cover the structure and your premises liability while rehabbing the property.

Currently our team of (3) would be comprised of GC, Arch, and Structural and we would be equal partners.

Someone that can handle small jobs like paint and flooring up to large jobs like building additions to existing structure. 

The key is to fall in love with the deal not the structure. 

In the crawl space, there's steel beams running across part of the structure, almost like it used to be a mobile home. 

Looking to partner with someone on a multifamily project or invest in a syndicate if they provide a TIC structure.

How is it structured?

The LLC structure is just one level to this tier.