My partner and I have a great wholesaling operation here, and we have a network of other wholesalers, handymen, and realtors to help you.Message me whenever you’re in town so we can get together.

The experienced small mom and pop operator can still make a good living pitted against these two groups.

There is a house down the street operating like a car shop.

We could only get a loan if we purchased with an LLC - this was an increased cost because with four partners we had to get a lawyer involved to help us file the LLC and operating agreementFees were a lot higher, for example, the commercial lender required an LLC doc reviewIf we can get the rehab done soon enough, we'll be able to refinance in as little as 3 months because commercial loans have much shorter seasoning requirementsOtherwise, the loan underwriting and process was very similar to a hard money lender. 9.375% rate with 2 points + some closing fees. 

We had found our true professional passion in life.Today my wife and I operate a few high-end Short Term Rentals (STRs) in the Shadyside area of Pittsburgh.

If you can identify a way to help other people do any of the following, you will be much more likely to find a MF partner: sourcing deals, sourcing capital, securing debt, underwriting and due diligence, execution of a value-add program, securing the operational side, etc. etc.

Once the complex is fully built and operating, can I use the property as collateral for a loan to purchase a property not in a Qualified Opportunity Zone?

(Not recommended because if it is sold the buyers will check the rental income and your income will be short) That could possibly be explained. 3rd: If the owner is performing maintenance/repairs/improvements this would be calculated in operating costs since no one would be able to live in the space anyway. 

Income-producing property with the space available to operate a small business at the same time.

You should probably consult a lawyer and cpa to help you decide.As a general rule, for LLC owning directly real estate, it is often recommended to have the LLC recognized in the state where the property is located as it is a requirement if your LLC need to be represented in court (think eviction or code enforcement problems).There are ways around like using a local operating entity or even in some cases land trust.The choice of the LLC state may also be based on some cost factors.Last but not least, while all LLCs have the same inside liability protection, states differs widely on outside protection.