Then I was told that it is common practice.

thanks @Michael Lee, that makes more sense. 

I'm not sure it makes too much sense to have 20 different LLC's for every single property you guys own together. 

I think it would be a great opportunity to share knowledge and meet people with common interests in RE investing/landlording/financing/etc. 

@Joshua Von Schlutter this is a very common question and they both have their pros and cons to them.Line of CreditTwo of the common areas of concern for LOCs I see out there is the 10 year maturity date and the adjustable rate.

That makes sense!

I’ve gotten a few different responses the most common being that it’s nearly impossible to get started with now track record or money to invest.

Very common, everyday product.

As far as water goes, wells are common here and easy to dig.With hundreds of possible home sites and for the interested developer, this is an opportunity to get in on the ground floor of a serious boom.

We are having trouble deciding whether it makes sense to try to buy an 8 or 10 unit place on a 1031 exchange here in San Diego or just keep the buy and hold strategy on this one and undertake the remodeling project.