Dissolved my CA LLC last year because it costs about $1500-$2000 to operate in CA...and when you are getting started that'll eat up a lot of your gains.

Hello All,I am a first time investor recently purchased two multifamily properties (4 units) - 3 are currently rented and 1 is under rehab. the properties are in not so good area but has a potential to generate positive cash flow if all are rented with min maintenance.

If the market does plung into recession, I’m confident that the properties I own in the markets I do will perform better than most and therefore I’ll have staying power.All loans involve risk, so I select debt products and terms that I feel minimize my risk and are commensurate with the return i think I’ll be able to generate.  

Lease purchase and lease to own operate differently. 

"Sponsor must know investor for 21 days exactly before presenting them with an investment opportunity"), but some guidelines are in place that all Sponsors/Operators in the space will follow.That being said, you're best off finding a Sponsor who may offer investments structured as 506(b) if you really want to get in to the space.

There are not enough generation X'rs like me to matter.

I just started working with an investor in ATX on my days off from my full time to gain a better understanding of the operation, but looking for any other knowledge wherever it can be provided.

IF you dont' ever plan to move further than a 3 or 4 hour drive, then youll have no issues managing this thing and continuing to operate it. 

Either way, you should definitely look at what the property could generate by running a conservative market rent analysis.Keep working to find funding.

There not involved an any way title, operating agreement, nor partner.