Some attorneys choose to do accomplish this by helping formulate a plan of action designed to mitigate risk, while others choose a method of placing road blocks hoping to deter their clients from acting.While what your attorney says may very well be legitimate, you need to decide if he/she is helping or hurting your business.

  $10,000 down or less (not yet negotiated)-3 year term then balloon (on a 30 year amortization schedule)or-5 year term then balloon (on a 20 year amortization schedule)-7-12% interest (not yet negotiated)-I can buy all, or cherry pick the properties I wantThe properties are all owned free and clear, most are in great shape, and one unit of the 15 is vacant.This was the first time I was able to sit down, and let an investor hear me out and formulate a deal. 

This will enable you to formulate a reasonable project plan, perhaps in phases for different locations, or based on major elements such as roofing projects or electrical upgrades, etc.

I'm just not sure how to what to say and how to formulate the aspects of the whole process that I can bring to the table.

In both cases, residential or multi-family, you make your money at the time of purchase - rarely can you achieve operational improvements that will offset a poor purchase.When buying either a residential or multifamily, you need to formulate your exit strategy(ies) before purchase.  

Find the best info in each one and formulate a path that works for you.

And in each situation, these pockets have to be approached on a case by case basis and so the investor has to formulate a unique plan of attack that is part common sense and part what the target area is "saying" to the investor.

Goodness this thread alone helped me formulate a great strategy for getting started.I'm an OCD personality so I've been combing da

So over the next year I want to take the time and formulate a decent REI plan and make this happen in a way that allows for solid growth financially.

One I'm looking at is a six-unit Victorian building.When there are so few units, how do special assessments and condo fees get formulated or assigned?