If you're buying commercial properties the LLC is the venue of choice, even though you're still on the note in most cases.But for the residential stuff you're going to be jumping through a lot of hoops to get financing through an LLC.

@Duncan Taylor Im not sure if you didn't read my entire post or not...Any legitimate business has an objective or you may say a purpose/goal.In my post :Written down goals are huge and that is what a business plan is .

@Brian Bishop and @Deidra Hubenak next week Noble is holding a meet-up at a Midtown bar/café (I'm not sure what type of venue it is).

I need a legitimate site to pull comps from that's easy to use.

Still cost prohibitive and way to small for a legitimate 2 bedroom unit. 

@Chris MasonSo a professionally managed property (which I have) with the firm signing a lease, that allows for sub-letting, is a legitimate work around if we are operating less than a year?

But... is this legitimately an alternative?

So, in a way, you need to underwrite the debt fund sponsor that you are actually investing with, and either the borrower, or in the case of a fund, I would want to see very clear underwriting standards for how they underwrite the actual borrower and borrowing entity.There are equity positions that are legitimately creating cash flow, albeit typically much less on the front end, with the chance for appreciation.  

Honestly, any lower end rental would pose some legitimate questions if you were only going to have one from a distance.

@Torrey Brandt Have you invited any bankers to the property tour to show this is a legitimate business?