Last 6 months at their apartment checks out and personal references check out.

src=/program_offices/administration/hudclips/handbooks/hsgh/4240.4 Do a word search in the handbook and look for "investor" That will bring up all the sections Im referring to.Also, the location of the property does concern me.

Your regular attorney can tell you what they want, but the criminal attorney will tell you what the Grand Jury/Prosecutor will see in your plan.

Kalyn everyone wants cosmetic properties.You will find regular home buyers do not have to resell and will accept way less of an equity position and pay a higher price to get a home cheap with a low monthly payment.Their goals are totally different than a rehabber.This is why a bunch of success is taking on properties where a home buyer is not a competitor but it drives down the price with the property not being loan ready.If your offer of cash is just slightly lower than a finance home buyer the asset manager might still choose you.If there is a wide difference the asset manager might take a shot with the finance home buyer to net more.It depends on a bunch of factors which is being at the right place at the right time.You also have to understand local,regional,and national banks make decisions in different ways.Kayln are you offering to let the listing broker keep all the commission are are you getting greedy and asking for the co-op??

I think they do split it up into the income and debt components because in the past my rental income has been included with the income from my regular job.

When looking for people to fund your portfolio I would also look somewhere else as for this kind of financing, your target should be more conservative ( regular ) people.

Not being privy to the thought processes of your attorney, my best wild a$$ guess is that he/she is referring to a possible provision of your state's SAFE Act.

So I have purchased a few rental properties here in CA and they are cash flowing well which is great, but I would like to pay cash for properties and start flipping homes to help make more income to invest in rentals.I went to a few auctions in my area and spoke with some of the regulars and I really don't think actually following what is coming to auction and going to the auctions is for me.

@Jon Holdman just learned how to add prior notes so it alerts someone I refer to. 

(b) Notwithstanding subdivision (a), a manager of a limited liability company may agree to be obligated personally for any or all of the debts, obligations, and liabilities of the limited liability company as follows: (1) If the agreement to be so liable is set forth in the articles of organization or in a written operating agreement that specifically references this subdivision