This would be a good play if your goal is appreciation over cashflow.Are there any strategies new investors commonly use to balance personal home upgrades with starting a rental portfolio?

Earlier today, I sent the link to the section of IRS publication that describes the penalties to the sponsor along with another inquiry to furnish the K-1.

I don’t invest in Buffalo or Rochester, but I do focus on the Midwest, where multifamily properties under $100K–$200K are still common and cash flow can be stronger compared to many coastal markets.

Hi @Patricio Acosta, nice to meet you here on BP..This is a common challenge for active investors bringing in capital without complicating their entity structure.

Private money lending is your typical mom and pop, family, or pool of investors that create their own notes and will have a common sense approach to lending.

Also, the LLC wanted me to make an offer by 9:00 PM yesterday--is this pretty common in the investing world?

When we put a property onto Zillow, we get inquiries almost immediately.  

Now that being said, I hold most investments so I also like to monitor return on equity which is not a common metric talked about enough.

Yes pretty common for sure, depends if you want an interest only period or 40 year amortizing. 

But my recent refinances have had no inquiry into what I was going to do with the extracted money so I could have done this recently (but have not).The RE that secures the loan is the RE that is being refinanced.