@Danny Shin @Ian Tan California does not recognize series LLCs. 

Hard money borrowed will certainly be recognized by the bank and will not help your case if you don't already have a strong personal financial statement for yourself.

I do recognize that Salem is not as desirable as Portland, but with all of the government jobs there, thee will always be a need for rentals.

.-5 of us have stable jobs, 1 is finishing up law school.We have great trust in each other, but we recognize that things can get messy quickly when mixing friendship and money.  

@Frederick McCarty I need to help with some clarity here if this is a loan related question and the answer depends on what TYPE of loan the seller is seeking on the next property.Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

I recognize a few familiar titles and am looking forward to exploring the rest. 

We are unable to obtain a loan because the federal government only recognizes his social security as income - which makes his debt to income ratio too high.

I suggest any plumbing or electrical, you utilize licensed and insured contractors as recognized by your area.The Authority Having Jurisdictio (AHJ), is designated by rules promulgated by your legislative bodies, be it state, county, or town.Your AHJ will be enforcing either one or in some cases two, code making literature.

But I fear that the recognized gain of the boot might count against their agi. 

We may be competitors in some respects, but I wanted to jump in and recognize you guys for the good stuff you are doing with your props and the way you are managing.