If you plan to add more properties in Illinois, separating the two LLCs could also limit liability exposure between states.In Kentucky, having a holding company structure will avoid tax per LLC.

So you are willing to pay a commission, willing to work with agents, limit the exposure of the property by just the few networking groups you are a part of and expect to sell at the same price as those fully advertised across the platforms that 90% of buyers see?

Hey William, great question - Conventional has limits but have you explored non-conventional DSCR loans?

*Note that we interchangeably use the labels: Lodging House = Rooming House = Single-Room Occupancy (SRO) = Co-Housing PropertyThe building has 3 kitchens and 4 full bathrooms, on 4 floors:3rd floor: The 3rdfloor is ‘off-limits’ to the 1st and 2nd floor tenants, so the two 3rd floor tenants enjoy the exclusivity of their own entrance, and a kitchen and bath shared only with one other unit, plus some distant ocean and Boston skyline views.2nd & 1st floors: Eleven units share 1 kitchen and 2 full bathrooms, one on each floor.

Do you really believe  that someone with no capital, no experience, and limited education provided by 2 weekends at a guru boot camp is really going to be able to earn $100k annually by finding properties experienced investors spending $10k monthly on marketing to find have somehow missed, and then negotiating prices 50% below real value and flipping the properties to seasoned investors?  

The definition includes, but is not limited to: Negotiating, promoting, or advertising the sale, exchange, purchase, or rental of real property, or the granting or acceptance of an option to sell, exchange, purchase, or rent an interest or estate in real estate or a time share.

You have to go in person for an auction, which limits competitive bidding. 

It will limit the number of people who are interested in your property and you may end up having to rent it to lower quality tenants and / or below market rent. 

The name of the borrower then you of course still go after their LLC as well).So the seller sold the properties to the investor subject to existing loans (and the investor is sourcing financing even though he has limited equity)? 

It’s critical to understand what your state allows, especially around occupancy limits and caregiver-to-resident ratios.