@Jonathan Bell If your long-term goal is to keep on buying apartment/rentals for a long time, then it will be good to create an LLC because it gives you credibility and reassures them that yours is a real business and thus making it more "official".

Assume "Yes", versus finding out when your local building official issues you fines.

Now the official close is set for next week.

I posted something along the lines of "my official wish list" which I envisioned that I had a billion dollars and could buy virtually anthing.

Come time to actually submit an offer, we HAVE to have that form signed to officially represent you, so at some point it does need to be signed.

We received multiple contractor bids and hired a structural engineer who created an official report that directed the contractors to conduct specific work.  

Thank you for taking the time to read, I know that all the responses will have to be run by my accountant and can't be taken as official legal advice. 

I like to think of myself as an official partner of the bank at this point.- All assets are removed from your name which will normalize your FICO credit score-They will require quarterly updates on your books-5-10 year balloon is the norm but expect prepayment penalties- Lender holds 3 months of reserves Here was my breakdown when first exploring this: https://www.biggerpockets.com/...Properties 20+: PLAY WITH THE BIG BOYS:Flush with cash after the cash refinance and hopefully additional capital the number one priority is acquiring properties.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $232,000

Cash invested: $43,000

Our first investment property is a six unit multi family property. We ...

Im still in talks with the city about the RV spaces but their official position is they cannot be permanent residences.