I would prefer to be able to have support on any issues as it not only affects me, but tenants as well.

We would prefer not to make them members of the LLC because that would prompt the bank to require them as guarantors on the loan.Given this information, can I get some suggestions for how I could structure the deal for the investors?

Suppose that I want to offer them a preferred return on their invested capital and then split what is left over according to a negotiated split percentage.

It's already overwhelming for them to move so 80% of what you tell them will be forgotten and the paperwork could be shoved in a box and lost.I prefer to give them an email a week after they move in that has some key reminders about their lease, how to dispose of large items like broken furniture, how to submit maintenance requests, etc.

Question is when deal is divided between limited partners($ investors) and General partners (realtor + mgmt company with not single $ invested) Deal 70% Limited partners and 30% for General partners- with 6% preferred on your share of invested dollars which general partners will not collect however, will divide NOI (70/30) with you getting your shared percentage investment (lets say 15%) of 70% on yearly basis; and later on sale of property (70/30) again. 

We want to purchase our first investment property, preferably a multifamily, and house hack to build wealth.

Hi there my name is Mike and I am going to be a first time home buyer.I just got half my inheritance and want to acquire a cheap condo/apartment preferably under 100k in Dallas-Fort Worth, TX.

Most tenants like the space where the dishwashers are removed and they could care less about the disposers because they stink and there is a lot of food they cannot grind in them, anyway.

Buy the land, develop it into half acre parcels and having standards for growing food and raising animals for food with a butcher station on the property and a bartering style farmers' market where tenants can sell to the public and barter with each other or sell to each other.These are very early stage thoughts.  

Id like to get into real estate, preferably into rentals first than flipping.