Memphis Invest uses a software called PropertyWare to track all expenses, collect statements, and create a ledger of accounts receivable, paid, outstanding, and overall return on investment.

What I wrote above does not create an attorney/client relationship between us.

We were thinking about creating a LLC and use this townhome to help start our journey. 

Great way to learn how to create and close deals - and any budget can work!

Most conventional wisdom/lessons learned are to the tune of not over leveraging, and any discussion involving >80% LTV seems to create a sense of nervousness (I am making a generalization here).

@Scott Choppin, thank for creating this whole conversation!

Hello BP,I have a unique situation and not sure how to construct an agreement and would like some advise.I do investing in Los Angeles, my brother has a house in Long Beach that was a really bad purchase from the beginning, long story short he asked me if I can help him fix it and ultimate flip it.

What unique information do you look for?

Also, there are faculty and staff, plus the businesses created to serve the community. 

Great way to learn how to create and close deals - and any budget can work!