Is there an issue from keeping business separated from personal, if I maintained a really detailed excel file that lists all cashflows that's related to my business until my LLC is setup and I have a business checking/savings account setup?

Do you need excel still or any other outside applications? 

I’m stepping out and going to my first Real Estate Meetup tonight, really looking to introduce myself to the community and begin building relationships.

I do not understand the relationship between tax returns, borrowing money from banks, and limiting the taxes you pay to the government.

Hi Pedro,In my opinion, 20% return on your investment is excellent.

(We're a correspondent lender for PenFed - a correspondent lending relationship is the middle ground between brokered and direct... their rates and their guidelines like a broker, but originate, underwrite, and fund, as a direct lender in-house)(No, I'm not allowed to share their guidelines, either)

In this type of relationship, what type of commission would go to me vs. my broker sponsor (I know this will vary a lot, I'm just looking for a ball park). 

So if you're going to go down this route, as always in life, focus on relationship building with key people so you can turn to them when you need some help.

Try Paul at Ivory Pillar Properties, Inc   He has worked with several of my flip worthy clients and done an excellent job.   

Recommended conferences: Papersource Symposium: https://papersourceseminars.com/Note Expo: http://noteexpo.com/Below is a link to  Josh Andrew's book which is an excellent starting resource about NPL investing.