I done this not only to get more insight into commercial real estate but to try and add value to a deal while representing my clients.I look forward to networking and engaging in discussions with like minded individuals.

Account ClosedAny person engaged in property management activities in Illinois needs to be licensed.This would include showing a unit for sale or lease.The only way to get around that would be hire a leasing agent, which can only be used for leasing activities and not sales.

Shortly after that, I got engaged and moved in with my fiancee, and now I rent out both units in that duplex.

I've been engaged with an owner for several months who plans to sell his business and retire.

You can engage in legal gamesmanship, but that would come with a price which may not be worth it at the end.To your success!

@Luis Escobar, If you haven't engaged a QI to handle that sale as a 1031 it's a moot point. 

Therefore, a partnership makes sense so that the entire 8-units and commercial space is run by one entity which splits the income and expenses appropriately.Since my wife doesn't want to engage in a direct business relationship with my brother, she would prefer for us to purchase the properties seperately; how would you suggest to organize this purchase so that both parties are satisfied?

Also, you can engage your lender early 45-60 days out to begin underwriting the loan from the 6 month requirement and arrange settlement to occur right around the 6 month mark.

I am finally ready to not only start engaging & networking on here, but we are actively looking for our first property.

I have already learned an incredible amount by just reading through these forums over the last several months, and can't wait to engage with everyone!