The indoor malls that simply offered shopping and a food court are the ones dying off.I've seen some malls be demolished and replaced with high-density single family developments. 

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

Better yet, accept the fact that there are always going to be the poor, and a good number of these people - especially in class-movable societies like the US - are going to be there because they aren't motivated enough to do anything further. 

Forming an LLC might give them liability protection and a more formal business structure, but it's not essential.3.

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

1 year and a half updateHello everyone I am back for my updates, it has been a great journey so far.

I offered a price based on repair costs and a sale price they could get if they fixed it up (retail). 

I am located in Maine and have 2 six unit buildings, 2 four units, and a 5 unit. 

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

Lawsuits run a year and a half or so.