Sure you're going to make mistakes, that's inevitable, but before long I bet a few family members are pulling you aside after Thanksgiving dinner to quietly ask about your "risky" investments and how they can get involved.

I'm no expert, but I don't think having an S8 tenant should make any difference.I would recommend to buy in your personal name since that will give you the best terms on your loan and then to transfer title into an LLC or land trust depending on what your LLC structure looks like.  

I utilized a co-borrower yes, the loan is both in my wife and I's name.

But a community bank is your best bet, your larger institutions will need atleast 250 members.

Im about to Quit Claim Deed the two rental properties I have acquired as an aside to my "flipping" activities from my own name, to my LLC. 

Hello everyone,My name is Scott Passman and I am a new investor based out of Batavia/Geneva, IL. 

The seller bought the house back in 2006 with only his name on the mortgage and deed.

My second event i went on Craigslist to find an ad came across an ad saying Become a real estate investor earn while you learn, thought i give it a shot this guy was telling me about Renatus and great mentors they had he invited me to a meeting in south jersey on a Thursday night to watch a guy name scott rowe who has made millions of dollars off real estate education, before i went i had to research what renatus was and who these people the guy was telling me about needless to say i was skeptical about rowe and this guy name brian meara they said he does shortsales and i ask the guy who invited me what shortsale was and he said the host will tell me, sounded like he didnt know what it was either, for the most part all he said was that this was an opportunity of a life time, wasn't sold on that either so i sat there for about an hour and 20 minutes listening to scott say he was from Chicago show me picture of  his community a pie chart how to get into renatus how to pay for very expensive education how to get the money blah blah blah caught in quick that this was an mlm meetup.

If you own say, 10 rental properties, obviously you don't want to do that under your own name so people often create an LLC when they own more than 2 properties?

., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).