The bigger issues that need to be addressed by the operating agreement are how you deal with disagreements. 

Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.

While I have not yet closed any deals, my commitment and research have prepared me to take decisive action when the right opportunities arise.

We will be in touch as I continue to network and come across deals. 

Do you also offer direct booking?

Dave Meyer shared an informative video today [How to Find Your Perfect First Rental Property (The “Buy Box”)], outlining helpful structure for you to add clarity for your deal.

Also, when evaluating a value-add deal, what are the key factors you prioritize most? 

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

What made you interested in investing in this type of deal?

@Marcus Retter welcome to BP.It's a great community.I've been investing in Albuquerque for 10 years, and you can find some good deals there.Personally, I live in Santa Fe.There are several active Meetups that you can join to get around to other investors.Networking is really important.Get out there and make connections with other investors; that is how I got started.