Can you describe the draw process and if I have say when the contractor gets paid?

After a year...Moving forward, assuming you want to stay in the Fannie world and milk GSE subsidized financing for as long as possible, don't do partnerships in quite this way.

Do meetup.com search of Real Estate Investor meeting 30-mile radius from where you are staying.

Unfortunately, when the put it into monthly fees, they draw on their credit line, so everyone wind up paying interest on  top.

The appreciation alone is a reason to stay in that market.  

I am the owner of one apt in that condo...I ll try to access the info based on your feedbackAnyhow, I have learned my lesson and plan on staying away from buying apt/house part of an association!

Anyways, we took the jump to try to get into real estate and bought our place here last year in hopes of staying here a few more years before moving duty stations and then renting out our property.

Forgot to mention one of the main reasons I want to do this:Is a business structure the only and/or best way to get a loan that draws from the combined equity of the 3 houses?

Or if I should just stay away entirely.

Or if I should just stay away entirely.