I figured as much ... and knowing your exit strategy going in, I'd wager that you also insist that the owner carry back financing is assumable.

According to my preliminary Internet research, people say that this "ownership" is proven in theLLC's Operating Agreement.

How do you guys go about doing a preliminary analysis on opportunities when obviously you will not get the total breakdown on historical expenses upfront?

As of right now my plan is to have multiple streams of income coming in from business, then use the equity I make from business to leverage down payments on multi-family properties, and the preliminary revenue I make from the investments to invest further and scale my way up.

However, I would wager you need to just call everyone possible.

I have started reaching out to land surveyors to help me put together a topography survey and then have a tentative map or preliminary map from an architect and then take it to the city.

How most of my clients operate is to find a property and obtain enough info to make a preliminary decision on if they want to proceed.

Additional items required at this stage include a project description including amenities, preliminary site, building and unit plans; rough, estimated project costs; and environmental reports.

I would wager to say that you might have some of your students that talk to you because their parents are about to get divorced.Would it be unethical for you to realize the potential of a home for sale?

Would the next step be to have a preliminary title search done?