Or invest passively with a partner who runs the operations on the ground.

However, you are correct that a business bank account in the name of the LLC needs to be opened to hold company assets.Regarding payments, it depends on how the operating agreement is written in my experience.

Problem is there are important things they NEVER learn, and they operate with the handicap or inexperience and lack of knowledge, and hence are set up for failure.After 40 years as a successful real estate investor, private lender, and syndicator, my recommendation would be as follows1.

Full disclosure - I'm a mortgage broker in CA, licensed, and I operate out of a Gmail account, so I don't necessarily agree that that's all scam. 

(if you want to be operating remotely, it might be beneficial to learn how to operate this way) You probably could, but it will take more creativity. ex.

One thing to keep in mind is that different states can have vastly different regulations around lending and borrowing, so lenders may operate only in specific states vs. nationwide. 

This is not an uncommon business plan, and it is usually carried out by operators who are poorly funded. 

I'll definitely need her to partner and owner finance in some capacity and in since I'm not strong with capital (yet), I want to show up as buttoned up as possible.My question is how to come up with a rough sketch of projected operating costs? 

Beka Shea has flipped more than 60 houses and owns and operates a marketing consulting company.

In terms of partnerships, LLCs are great as you (read as "your lawyer") can write dispute resolution tools and processes into the operating agrement.