A triplex for your first place is a large undertaking. 

It's a huge undertaking to build from raw materials, but its a project I would like to tackle.

If a creditor did go after you they would have to pierce the LT then break a corporate veil which if any lawyer encountered would be a much bigger challenge to undertake.

Inquirers must seek the advice of their own legal counsel prior to undertaking any course of action related to this inquiry.

After careful consideration and really looking at what it will realistically take to get started, I've decided in part to put REI on hold for a bit.Not because I don't think I'd have what it takes, but because of one very important thing I'll need even with the 'low money down' investment strategies I'm considering: Money.The reality is there's costs (closing costs, down payments, getting contracts made, etc.) that I'm going to undertake regardless of how I choose to invest, and the fact is that it's easier to do with more capital.  

My main point was if I were to undertake the same activity as a spec build (which I intend on doing at a future date) I would find a builder working on a cost plus arrangement, rather than splitting your profits.

That means you are going to have multiple management companies involved in this undertaking.

If....and that's a HUGE if the properties were somehow not in need of "any rehab" (impossible) we would undertake a 60's valuationYou two seem to have something going on so I'll bow out now,Best wishes

It's a noble task to undertake.

Remediating all the soil if they leaked will be a huge and costly undertaking, however properly handled underground tanks pose no real issue.