So you're going to have carrying costs with this , as well as opening the door costs , as well as capital injections by both parties of an amount to be able to pay the bills of the llc just to survive as well as to grow business for yourselves . 

These loans close in the name of your entity/LLC as well. 

We currently self manage but would like to turn them over as well as purchasing a few multi families in the very near future.We have a sfh in Myrtle Beach and love our pm down there so I know good ones exist.

Other avenues to find contractors include: reviewing the neighborhood for signs of contractors already working in the neighborhoods that you are targeting, asking the town/borough for contractors that pull lots of permits (aka get hired a lot) in your area, as well as inquiring withe local Home Depot/Lowes early in the morning and seeing who is active.

I hope things go well for you in Houston.

Don't forget to account for closing costs here as well.

She has been in this type of industry for a while as well as knows people that have turned properties into assisted living homes. 

All of your expenses go up as well. 

Often, people like me surf several different jobs/careers, only to find themselves in their thirties without a vocation--something they can find truly fulfilling as well as profitable.

Using a seller financed strategy worked better for the seller's goals and ours as well!