@Ryan SummersThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

The beauty with the seller paid is that the money goes into an escrow account and if you refi or sell during the buy down period, the left over funds go towards the principle, so it’s not lost like if you were to buy down the rate with points and then sold/refi in the next few years.Hope that makes sense but let me know if there’s any other considerations or something I misunderstood and we can continue brainstorming!

However, if you prefer to meet in person and not over zoom or some other digital means, that would be a consideration.

And that should be a primary consideration from my standpoint.Really respect your points here and just trying to debate and share my views as well.

If you basically promised him, he was going to get $2100 at the end of the day and insinuated that it would be in a certain amount of time then take that into consideration.

Hi All,I would appreciate thoughts/ considerations/ cautions for analyzing a mixed use property that has a duplex with a regular apartment next to a small storefront that's soon to be vacant? 

Hey @Zach Knoll,  considerations for property management depend on valuing time versus money, influenced by financial status and age.

These considerations are crucial for both mitigating your risk and supporting the borrower in achieving a better financial position to refi out. 

Sometimes you can tell because of rust staining and buildup on the outside of such affected pipes,   but even without that they can be weakened considerably from their original state.On the drain side galvanized branch drains  (1.25 through 2" galvanized pipes)  can also rust out or clog up as the rust on the inside is very rough and catches hair, grease,  and other debris and will eventually need aggressive rootering,   which if the pipes have rusted enough may open up holes in them.I should note CAST IRON (hub and bell) old sewer pipe,  at least the 3" and 4" stuff seems to have a bit longer lifespan than galvanized steel;  it still rusts but doesn't crumble and flake and encourage blockages like steel does,   so an old house with a cast 4" sewer stack you may be fine for many decades more if you just replace all the branch lines going into it but leave the main stack.   

I suspect a jurisdictions will proceed with zoning rules that meet their goals without any significant consideration of Sb1033.