basically the most bottom of bottom lines after every single expense is taken into account. 

They will also collect rent and ACH it into your account. 

We ran into financial issues and did not complete the 4 new townhomes.  

As the title suggests, has anyone ever had luck in tapping into a network of potential investors/friends & family money for their first investment property? 

You could even look into companies like PadSplit that help with renting by the room scenarios.

When do you think might be a good time to transfer properties into an LLC or S-Corp?

Hi Casey,As the gentlemen's above mentioned, 20% out of $700K is indeed $140K, so the answers is yes.As a hard money lender, my 2 cents for you is that if you don't understand the loan structure in 100%, not 99% but 100%, don't go into it.BTW - As hard money lenders usually we charge less than 20%, but seems like this is a factor of maybe less experience you have.Anyhow good luck!

Then you can refinance into long term debt once stabilized and get a true value look.

Hey Gregory,I suggest you look into New Western.

Since the loan is at a low interest rate we do not want to refinance into our names and her parents are okay not refinancing as well.Thanks,Zack