Review their management agreement.

@Brenda BoralIf it’s a loan he is not in the LLc and there should be a loan agreement.

I am a first time home buyer looking to purchase an out of state investment property through a newly formed LLC (I am based in NYC, looking to buy in Ohio).

Meaning don't just come to a handshake agreement and literally hand them cash and expect it all to be fine.

If we purchases a home as an investment property, build a DADU, and sell the home and DADU (around 12 months after the purchase), what's the best strategy for tax saving?

The cost of purchasing the house, rehabbing the house, and extra reservea and carrying costs during that time.Take a nicer part of Baltimore, I'd probably want $350-400k liquid.

Currently going through a property purchase and wanted to see what y'all think. 4.25 acres of unrestricted land up by greenville sc. 

You will need cash to purchase the property at the auction, and it’s one of the easiest ways to find a property to flip at a great price.

@Megha Malhotra I've heard good things about @Engelo Rumora  Hi Taz,Appreciate the mention 🙏You guys set the standard we do our best to follow 👍Hi Megha,Happy to assist if you are interested in the Ohio market.We aren't perfect but always do our best.We also only work with investors looking to purchase with cash so keep that in mind.Reasoning is two fold:1) I don't believe investors should build the foundation of their portfolio with leverage (Especially now in this high interest rate climate).

I would recommend that you try and get out of your agreement and find another PMC ONLY AFTER you get paid.