@Doug Webb for commercial class residential (5+) units, the general guidance you'll get is that you should be taking possession via an LLC, as there are no real advantages to not doing so besides the minor overhead of forming and maintaining the entity.

I’ll also be assigned the contract for deed via an allonge.

Either scenario should be closed via a reputable title company which will turn up any issues. 

Hey @Patrick O'Sullivan - you can check out Events and Meetups forum via this link - https://www.biggerpockets.com/forums/521

However, I do typically recommend investors get licensed if buying and selling via the MLS.

I have 7 figures invested in both direct real estate (via residential rentals) and syndication/crowdfunding passive investments.

They actually did have some initially good payouts the first year; however, looking back at the financial reports, these first payouts seem to have been programmed into their acquisition model and financed via debt as opposed to the actual earnings of the property. 

Also know that commercial values are determined by the assets existing performance via their financial statements using the NOI and cap rates, which differs a good bit from how residential real estate is valued using comparable sales.

Can’t be more than four units because I will be purchasing via a VA loan.

Hello Ryan, these are some of the kinds of tasks I am thinking about for Boots on the Ground.Lockbox installationKey duplication, meeting locksmiths, digital lock code changesMeeting cleaners, landscapers, tradespeopleProperty walk-throughs via phone and/or video conferencingMove-in and move-out inspectionsPlacing signage on propertiesPhotos and videosScheduling contractors and tradespeople for vacant propertiesStatus reports on contractor/tradespeople progressProperty drive by