My business partner and I are starting a real estate development company and are forming our LLC.

You will identify the borrower and the interest amount just like your other loans.

Put up a flier or call the business development person at larger businesses nearby.PM Responsibilities:  Finding a tenant should be 100% the responsibility of your property manager. 

In OKC the numbers are typically too tight to BRRR but I've been developing a relationship that looks like it might make it more doable on a bigger scale.

But if you do some good homework prior to the deal you can identify more issues before you inherit them.This isn't legal advice, just my opinion as a real estate investor.

Issues identified during walkthrough on 4 March 2019:3/1 unit - actually 2 bedroom, 1 bath - ‘3rd bedroom’ is actually a den. 2nd floor bedroom has sloped floor.1/1 down unit - water damage in bathroom ceiling, no bathroom sink, no bathroom light fixture, pipes recently froze1/1 up unit - low water pressure, possible water damage in living room ceiling, damage around entryway from living room into kitchenAs the property isn't of the quality we would like to live in ourselves, in addition to not wanting to ask the 10yr tenant to leave, we're looking at this as a full investment property that we would manage ourselves.  

Hello Bp,I have been hearing that some listing get offers from investors that goes something like this.They will give the seller a portion of their money to move then they will rehab the home and promise to pay them over market value once the development or rehab is done and the property is sold. 

Much of that was preordained, though, by how the money for the tax-increment financing that went into developing the Waterfront came down in 1998.

In looking for a partner, you ought to first identify what goals you both have.

So people can identify problems, but the actual timing and depth of the event is not predictable.