Your passive investors will apply to participate via your Subscription Documents which essentially qualifies your investors and adheres members to the entity. 

We track everything related to running the business which is essentially focused on BRRR type deals. 

That’s essentially the same issue I am facing.

I would consider a HELOC but that can be dangerous for someone just starting out because it's essentially a really big credit card that makes it too easy to spend the money and dig yourself into a hole.You could do a refinance to cash out the equity.

Essentially, what I would be doing is a BRRR (minus the R for rehab) because the rapid appreciation has given me built in equity.

@Thomas Visaggio If you were asking $1,100 and they had an $800 voucher you are essentially asking for a $300 cash portion.

I think Multifamily is the way to go, but educating yourself first is essential.

There are essentially no taxes due when selling a recently inherited property....the heirs basis is the current market value....so no potential tax savings doing an installment sale.

Feel free to reach out with other details you feel are essential in making a decision, thanks!

ThanksHi Eric, also Josh Andrews book Paper Profits is an excellent resource for getting started. https://www.amazon.com/Paper-Profits-Beginners-essentials-mortgage-ebook/dp/B06Y4C7X6Y