It does not need to be an LLC; however, you should keep good insurance.Or you can pay the contractor how you are paying them and issue a 1099. and the lender you can issue a 1099-INT to.

Actually it's probably sitting there waiting for our contractors to start work.

Perhaps it's something that can be bid competitively to increase return.Paying a commercial general contractor and HVAC tech to tour the property with you would be money well spent.

The education happens at every step, getting money, choosing a property, networking locally, finding contractors and finding good tenants.

What kind of flooring contractor are you?

I believe another way of getting around those laws is having the bird dog become an independent contractor under a REI/Realtor firm.

In addition to the ones you listed, contractor and property manager.

I assume you're taking into consideration everything for the homes: taxes, insurance, vacancy, repair reserves, expenses (CPA, utilities, permits/fees), property management, etc.The way I have been able to purchase my investments in such a short span, is to purchase investments which need significant improvements, complete the improvements myself (I'm a contractor as my day job), rent the unit and then refinance to pull cash out.In addition to doing that, I went to friends and asked to borrow money.

Call and get estimates from contractors for the whole job .

I am close to starting rehab on my first multifamily complex (9units) and have been looking at hiring a general contractor to handle the entire process.