Ultimately, I think I failed because I really didn't have enough money to get into this at the time.

Quote from @Tony Bacon: Anyone else just get sick of banks? 

I would recommend one bank account and credit card per LLC.

Hi! What’s the minimum a partner needs to do in an LLC (owning rental property) to be considered active enough to avoid it being labeled an investment security under the Howey Test?

Quote from @Donna Johnson: Any pros/cons for setting up rental property checking account with local bank vs. other national banks to receive income and make payments with my newly acquired out-of-state property? 

The best banks are the local 1 or 2 branch small community banks.

Great deals die early because investors don’t have funding lined up in advance.
A pre-approved funding plan can help you move quickly and confidently when the right property hits.
I help investors get that setup rea...

Bank has it listed at $230k.

The investor buyer is purchasing the property from the Detroit Land Bank Authority (DLBA).As part of the closing, DLBA is requiring that the lender execute the attached Subordination Agreement.I don't love everything I'm reading, but I'm curious to see if others have gone through this.How did you assess the risk to the lender in this situation?

Also important to clarify, if borrower fails to make payments creditors can still report to credit reporting agencies.