When you get large and successful, the CPA consult and attorney consult to establish your entities may be in order.  

Now, this is a current rehab  & stabilize project not an established property, so it's a matter of educating the new tenants as they move in that they really DO have include that water bill payment with their rent, LOL.

Hi Team, I am new to BiggerPockets and currently looking to network with future Mentors/Partners with the ultimate goal to establish my Real Estate Career within the Counties of San Diego and Los Angeles.

I'll begin by first establishing that my fiance and I have a very healthy relationship.

All partnerships should be established legally and conditions written down to avoid arguments later Good luck

Establish a relationship with them, and don't feel awkward flat out politely asking them to tend to the particular things that you do not like on the exterior.  

I don't like the lack of control and the entire thing strikes me as a legalized gambling operation where the house has their thumb on the wheel.  

I hope to start out using creative investing strategies that require little money down, because I am a full time student and do not yet have established credit due to my student loans and young age. 

In essence we're planning on establishing retirement via real estate. 

*Disclaimer: There are no guarantees of return on investment as there are some risks involved with all investments.Exit Strategies/ How To Repay Private Investors Principal:Refinance or sell the property and cash out.Another option is to exchange the first Private Investors mortgage position with a second Private Investor.In the unlikely scenario one of these options are not available, Private Investors will receive an additional 4% rate of return until one of the options listed above is available.Examples and Financials Examples of a 2, 8, and 50 unit property are located towards the end of this Business Plan.The (5) five year financial information is found at the end of this Business Plan.Business Legal Structure Legal StructureBetter Way Properties, LLC is a Limited Liability Company established in Wisconsin.Additional LLC’s will be created as necessary ensuring there are no more than (2) two properties per LLC to help protect assets and limit risk.Ownership/ManagementPrincipal MembersJohann Kleisch – 50% Member & ManagerCarolyn Kleisch – 50% Member & Secretary The Kleisch’s have been together over seventeen years.They live in Evansville Wisconsin with four of their five children and look forward to continuing their journey of Real Estate Investing together.Mr.