@Nick MorrisWorking on establishing your credibility and track record while connecting with investors.

You have $400k in new debt that you have zero track record of paying on time, so temporarily you're a higher risk.As you establish a new on time payment history over the next few months, your FICO will bump up higher than that drop, call it 75 points.

First post here, and noob in the game of real estate investing. 

I realize that these things won't happen over night, but the plan is to slowly establish a foundation that I can start to build off of as my experience grows.

My wife and I took his class back in 2011 and it was a game changer.

When it comes to establishing a partnership and creating liability protection I can lay out a "functional" option that works and an "ideal" option that often costs more, but also provides more security.Functionally you can use the current LLC and have an attorney draft up an operational agreement that lines up the desired roles of the partners and how they get paid out.

You also don't want to get into the game of discounting rent. 

You'll find that quite a few engineers turn to real estate as it's just a numbers game and we're all good at math.

I started investing in real estate about 18 months ago but I have acquired 7 single family homes that I manage myself so just Get In The Game and GO FOR IT!

bottom line is they talk a great game give you terms that you think you found a fold mine..etc.. nothing more than a sophisticated Nigerian  prince scam.