If you own multiple properties those combined reserves can be used to cover short term shortages of an individual property.  

They are great to network and meet other like minded individuals who may know the area your looking to invest in, may have a mortgage company, may find an attorney, etc..They have been through the process and may give you sound advice. 

I also know of two individuals that did the same Rob Peter to pay Paul situation.

I'm working a preforeclosure deal right now and was curious about what your individual processes looked like when you were working with the lender? 

Just make sure that you join a team that will allow you to market yourself as an individual.

Once you cross into this world, your costs of raising capital go up significantly.Another downside with having "money partners" take equity in a holding company is that they become owners of all assets of the company (and inherit all liabilities).You could accomplish your objectives by simply forming a joint venture with an individual money partner on a per-property basis.If you have not done so, give Steven Cohen and George Dubé's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" a read - it's and easily digestible primer on the subject.  

@Mukesh YadavFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.  

I don't want to go too high or too low, I know this will be very individual for each person and dependent on the house and lot, but I would like some ideas to get me thinking.

So, while you can get twice or more the average nightly rents per unit (or even more if you are renting out individual rooms) if that also comes with 20-50%+ vacancies then that could easily negate any gains -- and then you'll have the added headache of greater wear and tear and the cost to turn over the property multiple times per month.

Hello all,  I am looking to get in to real estate investing full time at some point but until then i am looking for a company or individual to partnership or apprentice job to learn the in and outs of the industry and pick your mind does anyone know of anyone or any company that might offer this.