Good investors in control of their business don't give away cuts of the pie willy nilly.

Be sure to have a written business plan and run your comps through a reliable software program before placing an offer on a property to make sure the numbers match your goal for the investment.

You can close in an LLC with a DSCR loan, but DSCR would not be an option if you plan to occupy since it's a business purpose loan - you'd have to rent out both units. 

@Patrick Philip Keep in mind banks will price there construction debt based on the Fed rate & expect to pay WSJ Prime +1/2 to 1 Point so 10% is not bad from an alternative lender at this time.

You might also meet someone that could be a potential business partner.

You might also meet someone that could be a potential business partner.

So far this is what I know- they list on all online platforms for free- they take photos for free- they have a 24/7 call number for guests/bookings- they will contact the cleaning business of my choice or suggest a partner in the area.

I see a lot of clients come to me with term sheets from other lenders that arbitrarily increase the ARV or credit score, just to bait and hook the borrower into doing business with them, so just be on the lookout for this. 

Hello BP Community, I'm getting ready to start investing in Section 8 rental properties in the Detroit MI area and am searching for an attorney to help develop my business structure before purchasing my first few homes this year. 

Side note if anyone is hiring for any weekend jobs, preferable remodeling as I’d like to learn the ins and outs of the business, I’d love to work, can also do evenings.