Sometimes it is better to pay more for quick, quality work then trying to save a few bucks.

@Srinath Gopinathan in my experience your generic lawyer is too risk-adverse and or trying to make a buck by overcomplicating a situation. 

Investment Info:Large multi-family (5+ units) private money loan investment.

We have about 20 meetings a month on a variety of topics from beginners to multi-family to flipping.

Teaming up with Mexican retail giant El Puerto de Liverpool, the family has made a $3.8 billion bid at $23 per share.Nordstrom, like many department stores, is struggling with changing retail trends, including competition from discount chains and the rise of online shopping.

There's tons of different ways this can go.... if he is someone that doesn't NEED the passive income, I would recommend multi-fam property w/ 25% down in a strong B or better neighborhood where he can at least break even and focus on a market with strong appreciation and rent growth. overtime, his cash flow will increase, and his net worth on paper will grow significantly. 

I am looking to purchase a multi-family home, outside of New York due to tenant-landlord issues here (really the fear of it). 

Would like multi-family (3-4 units) but not many in this locale. 

Some arbitrage operators also try to get multi-year lease terms, security deposits waived, free rent up front, and the like.

Investment Info:Small multi-family (2-4 units) fix & flip investment.