Here is an article that I wrote for BP that will provide some more insight to this structure: https://www.biggerpockets.com/blog/the-traditional-llc-vs-the-series-llc-which-is-better-for-real-estate-investors/Also please feel free to Dm me or leave a reply if you have more questions.Podcast #109 here on BP will also give a nice high level overview.

If you feel that you need in-person support, and more of a traditional brokerage model eXp won't be for you.

Traditional Landlord insurance from the typical companies like liberty mutual and statefarm or some kind of commerical insurance is better? 

Background:I am under contract for a 3 unit property and have traditional financing available but have thought about the idea of asking a family member to loan me the money instead.

@Robin CastilloLLCs are useful for legal protection, but they require separate tax filing, typically cost several hundred dollars to create, and most non-commercial lenders will not lend to LLCs.Commercial lenders will lend to LLCs, but their interest rates are significantly higher and they require collateral that regular lenders don't.I would not create a LLC specifically due to the issues in getting a traditional mortgage it will likely cause.One potential route though, is to get a traditional mortgage in your name and then assume the loan after a 6mo "seasoning" period with your LLC.

Some people do extremely well with section 8 but if you are diving head first into it, you may want to start with a traditional rental first to get a feel for it. 

They would pay us, the management company a small non-refundable annual fee that is basically a third of their traditional deposit.

**Private Money Lenders**: If traditional lending sources aren’t providing favorable terms, private money lenders can be a viable alternative.

These investors can provide the capital to stabilize struggling but fundamentally sound projects, potentially earning higher returns than traditional financing routes.Current State of Mezzanine Debt and Preferred Equity InvestmentsAs of mid-2024, alternative financing in real estate, particularly mezzanine debt, and preferred equity, has gained significant traction.

However, if you use a more traditional product, you may have some wiggle room. as far as the cash out/refinance goes, different lenders have different overlay.