Would you recommend doing something like this?

You may be able to find 80% LTV but the rate will be too high for you to stomach.

@Teia GuberYou will have to dig into the information that you have to make that decision but it sounds like you should change. 3 evictions and recommending not to try and collect funds that are owed...

Don't underestimate the power of online forums and social media groups.

I'm asking this question due to months of searching for multi-family homes to start my multi-family journey but the prices are way too high to purchase as a newby. 

Every state is a bit different when it comes to determining when nexus is established.Speak with your attorney to see if it's worth doing this or if it's worth just having that LLC in NY.This reason is often why it's recommended to set up an LLC in the state of the property.

Don't know much about it other than the fact that it has about 1000 open grave sites and they also bring in revenue through digging and maintenance.

It’s a business based on generating high net cash flow from a property.

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

How does one actually raise money from individuals with such high limits of accreditation if you don't personally know wealthy people or real estate investors?