They are probably best suited for refinancing, but not necessarily purchases unless you find a very patient seller. :)James

I think they are more suited for a longterm buy and hold.

The suit would read Owner Smith vs Tenant XXXX. 

The guys who come into my office with their fancy suits & business partners saying they want to be 30 properties a month never end up buying anything.

The big news here is that a class action law suit is going forward against the City of Bedford in the Northern District of Ohio contesting "all homeowners who were forced to endure government searches as a precondition to the sale of their homes are entitled to demand refunds of illegal “Point of Sale” inspection fees".A similar suit has already been adjudicated in the Southern District Courts in favor of prohibiting the practice as a sale requirement.41 communities in Northeast Ohio require some type of POS for title transfer which I'm sure is a source of income the cities don't want to see disappear.

For example, a slip and fall suit will be covered, but if there was structural damage across all of them or like asbestos or something, they won’t.You can probably only find out if you agree to purchase or maybe go speak to someone at the property.

If our LLC saves one law suit based on appearance then that is bonus as our LLC is not structured to provide real asset protection.In summary, do your research on what is required to have the LLC provide asset protection (such as having the properties owned by the LLC and issues purchasing non-commercial in an LLC and risk to loan in transferring a property to an LLC) as well as the CA requirements limits on the use of OOS LLCs.Good luck

Live in one of the suites, rent the others out, as you build up your finances and equity look for another.

I've seen properties on loopnet that I thought would be considered class A because they are newer (5-10 years old) execute office suites listed by the agents as class B along with apartment complexes that are 15 years old.

@Rob Pond this post might be better suited for the "commercial" forum.