I now see an opportunity to pool money together from several people and start to purchase multiple homes at once, however I am not sure how to properly structure this business.I wouldn’t be buying large apartment complexes like a syndicator (I'd need much more experience to handle large deals lie that) but I think the basics still apply.

I'm just trying to get where you are :)  I think I have some more learning to do to that ends, although I've overseen some large renovation projects, I just do not feel qualified to make judgment calls on entire houses. 

With mid-large multi's, I understand that the value is based on income.

Depending on performance, 2-3 purchases/BRRR's in 2019 and scale from there.- Conventional 30 year fixed financing on homes.Hopefully this is enough information, I look forward to hearing from you all!!

(Which kills my numbers.)The T12 numbers were iffy even though the building is 100% occupied currently and future proformas looked good.There is a new construction happening nearby - 335 unit large apartment complex coming online in Aug 2018.Nobody said out-of-state investing was easy, LOL. 

I will say if things hadn't moved so quickly I would of done the financing of my existing properties first to have the ready to go as I made a large assumption of the values of my houses, especially since I have never dealt with appraisers before.

With that being said you can be both at once and hire someone under you to manage when your portfolio is large enough. 10x

no problem its not real complicated you just don't know what you don't know until you experience it.you want your experience or knowledge to equal or exceed your buyer so you can best position yourself. for not in the business land owners selling to developers.for me the short to do list is1. first and foremost talk with your CPA and make sure they understand what your doing.. don't want to box yourself into a tax situation you don't care for.2. tight contract.. remember builder/developers by and large are sophisticated buyers.. so need to level the playing field.. this is not some wholesaler trying to snake a property.3. once figure out have a good RE attorney draft the contract don't use standard board of realtor or MLS forms.. it should be a custom contract in my mind..

Both NC and FL are pretty large states. 

The house is still furnished and has one large throw rug.