People respect people who are trying to learn and putting effort into something.

I had an investor who would borrow short term from a well established private lender to secure a note and deed of trust against a property only to have it refinanced shortly thereafter as a rate a term.

I have been working very hard the past few months to establish teams in Chicago, Milwaukee and NW Indiana so I can work in REI full time.Right now I am mid deal for a portfolio of properties.

Or can we create it after and then establish the investment as part of the LLC.

In all seriousness, I really respect your choice to "follow your dream" at such an early age instead of taking the path of least resistance and going to work for "The Man" right after college.Thus far, your recipe for success has been to work harder, not "smarter", control costs by doing all of your own labor and buying all of your own materials, living frugally, renting them out as you complete them and then, rinse and repeat.Screw working "smarter."

That means you're likely putting all your contracting eggs in that basket, and if for some reason it doesn't work out with your FIL (too expensive, low quality, too slow, etc), you won't have the experience going out to find contractors and will likely make some bad decisions with respect to future contractors.Think of it this way -- 90% of all contractors aren't going to be good choices for rehabbing/flipping houses. 

And I hope to reciprocate my learnings with the next new guy/gal to join the community.I, along a with business associate, are in the process of establishing a real estate entity here in the Washington DC metro area (which includes DC, Maryland, & Virginia).

They mostly have small amounts to invest, starting at about 10 - 30k.After speaking with a mentor and someone I highly respect, I will at some point be using collateral assignments to basically borrow money from these individuals.

I didn't know that "don't go East of Troost" was an established saying until now!

I guess what I'm asking is if rentals count against your income until you have an established rental history and if so what constitutes "established"?