You can probably get into performing on your own without too much hassle, but if you want to get into non-performing you'll probably end up working with a JV partner, a mentor or some training.

Account ClosedIf a member/partner will be paid for some services outside of his right to earn a 33% profit/loss percentage in the LLC's income - he can be compensated via guaranteed payment.You will not be required to issue him a 1099.

They rent fast, they stay rented, and the rents are strong (higher than my other properties).

I haven't find a lender that is able to refinance a business that is not under a commercial loan so I am thinking maybe a private investor would do.Similar to RE I was thinking on either an Equity Partner or better off a Private Lender that just lends me the money at a certain interest rate for let's say 5 years, with no stake on the company, of course using the business as a collateral.Does this sound like a crazy idea or is it something people do?

Demand and the local economy is still very strong.

The financials look very strong to me.

Partner with them to enhance the livability of the neighborhood.

If you cold call me I strongly suggest that youAlready have a deal that you're shopping.

With my partner, we have about 16k in cash total which doesn't leave me in a comfortable spot.

I teamed up with a partner who provided 75% of the money.