With that being said, I'd go with @Michael Smythe said as far as which kind you should buy.  

I plan to kindly follow up with collecting.Trust but verify - I looked it up & there was a news story about itAnyone know of any resources out the there to help him in the short term with rent? 

Quote from @Polat Caglayan: Can you give me a few examples of where and what kind of investments I should not make?

Anyone have experience putting these kinds of opportunities in front of investors?

Events like this give the opportunity to meet and talk to investors from all over the country, doing different kind of investing, and with a varied amount of experience.

If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.

You may be required to honor these kinds of implied agreements even without them in writing.

Kindly let me know if possible.RegardsHi Kemi, I own a portfolio here in Columbus.

Good luck getting your asking price - sounds like a great project.Have you looked around to see what kind of inventory is available for your next purchase?

As Jay said this kind of litigation can drag on for years before being resolved.