It's important when you are getting started to build out your team so that you are prepared when something comes your way. 

I also did a quick underwriting on what you described and the building I assume you are talking about.

My experience suggests that if cost is a deciding factor, you probably don't need an LLC.

I am a first time real estate investor trying to build my real estate portfolio.

They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price  I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.

I am in the NOVA/DC Area and am wanting to start/build a rental portfolio.

Dominic is a history teacher in Chicago who clocks in $45k/mo from a real estate portfolio he started building 27 years ago.

Hi all, In 2014 our apt building was set fire by arson following a shooting 1 floor below our apt.

About / Members – Neighborhood Building Owner's Alliance (nboachicago.com)Another great spot to check out would be the Straight Up Chicago Investor's Podcast website which keeps an up-to-date list of meetups as well. 

build that into your timing.