The primary method of foreclosure in Virginia involves what is known as non-judicial foreclosure.

There's nothing complicated about our LLC, it's a simple 50/50 partnership.

Capital gain is a little more complicated, with a pro rata share of principle received being taxed.

Just to complicate things, I'm trying to convince him to sell me an option to buy Bravo, Charlie, and Delta all at once in the next few months while I get together more cash, but I'm afraid that ship may have sailed, along with the prices I haven't already nailed down.Please, HELP ME WITH THIS!

Things get complicated with tax treaties and also withholding on investment properties if you are overseas.No way would I touch rentals for MF at 40k a unit.

I wouldn't become an agent first, that would just fill your head with ways to complicate and slow down the money making process of being a successful investor.

Seems too complicated.

Yes, I am looking at starting LLC(s) because I'd like to invest in both rental properties and homes.My situation is a little more complicated as I'd like to invest in multiple states. 

Another option would be to have an engineering firm do the inspection but costs for that can be pretty steep and generally are not necessary unless you are looking at an extremely large or otherwise complicated structure.

Con, upfront cost. can be complicated. risk of fines and jail time if you violate SEC rules, though rare.