I am currently an investor in San Antonio, TX. I have 2 lots under contract and already have a plan for both lots at the moment. Depending on how much money I can raise will dictate which project is what for each lot. I have 4 potential investors but will need to write a business plan to give to them as well as the bank. Do any of you have a template you follow. The plan is to build a triplex on one lot and rent it out for a few years and sell it. The other lot will consist of commercial area on the first floor for a restaurant or bar or something and then two units above it. The triplex will be for me and I will use FHA for it but it's the other property I will be using investors for.

Since it is commercial on the first floor, I will have to get a commercial loan.  I am tempted to just do a triplex to keep it residential.  

My next question is how do you handle property while using investors? Do I create a LLC and have it under the company name and have it guarantee by the investors. I won't be able to qualify at the same time for both if they are both under my name.

Thanks for the input