We love proven scripts, and use them in our current practices.3.  

.- Cons: increased costs (for filing and maintaining an LLC, for filing separate tax returns if you choose to do so [but don't have to]), depending on your state increased legal fees (you didn't put where you're from, but in some states only attorneys can represent corporations in evictions and small claims court), financing "challenges", insurance "challenges", contract and lease "challenges", not unlimited limited liability (you can still be sued individually), and loss of TBE protection (tennancy by the entireties) if your state recognizes it.If you're doing it for limited liability reasons, you're better off getting a good insurance policy.

We love proven scripts, and use them in our current practices.3.

If the borrower was someone like myself with a proven track record, verifiable data provided, and a personal guarantee that is actually backed by actual assets, then the second position portion is no more risky than a first position so long as the combined LTV is reasonable like 75% or less.

But you do not yet have the proven ability to do good deals. 

If you've refinanced the property several times it is very possible that you may not have much equity at all but a ton of pent up profit that would be recognized in a sale. 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.

When I tried setting up my LLC in Illinois, it appears I cannot be recognized.  

We're trying to find something for under $50k, but we recognize that may be difficult. 

Fortunately, our local high school recognized the growing demand and just opened a wing with state of the art auto labs, culinary department and life science department for future nursing students.