Both parties agree to a third party administrator.

If your asset LLC rolls up into your manager LLC and pays you as the investor you will have a little less administration over all of the business activity.

My plan was to contact the family, help them open probate (quite sure she died intestate), and buy the  house from the administrator (minus liens of course) or pursue a short sale.

It was a match made in heaven.So to get started I agreed that I would do a 50/50 partnership on one house and I would also provide 50% of the labor on the rehab along with handling all of the administrative work on the project.

If the SPD is not available, the plan administrator or human resources department should be contacted for a copy of the most updated version.

If you want to acquire the property associated with the certificate there will likely be administrative costs associated with the tax deed application and in at least one state with which I am familiar (Florida) it is possible that significant other costs could be incurred but that process is only important if you elect to invest there.Another pitfall in tax lien investing is that in most, if not all states the certificate expires after a specified duration. 

The lender sometimes requires an administrator to take payment from the corporate tenant and then distribute any leftover proceeds to the investor who owns the property.The corporation also sometimes makes payments directly to lender on a loan you would be assuming for structure so that the tenant protects their credit rating and borrowing power.A NN lease is where usually there is some expense to be born by the landlord either the roof, structure, parking lot, maintaining utilities for access and repairs, etc.The caps tend to be higher but you have costs as a landlord.GSA leases (government sponsored agencies) typically are not pure NNN but have a NN component.

Eager to find a solution to which this was no problem, the city administrators saw fit to pass an ordinance requiring apartments to have a minimum square footage of 400, so that landlords would not be able to "take advantage" of tenants.  

. § 14-11-702, which reads as follws: (b) Without excluding other activities which may not constitute transacting business in this state, a foreign limited liability company shall not be considered to be transacting business in this state, for the purpose of qualification under this chapter, solely by reason of carrying on in this state any one or more of the following activities: (1) Maintaining or defending any action or administrative or arbitration proceeding or effecting the settlement thereof or the settlement of claims or disputes; (2) Holding meetings of its managers, members, or other owners or carrying on other activities concerning its internal affairs; (3) Maintaining bank accounts, share accounts in savings and loan associations, custodial or agency arrangements with a bank or trust company, or stock or bond brokerage accounts; (4) Maintaining offices or agencies for the transfer, exchange, and registration of membership or other ownership interests in it or appointing and maintaining trustees or depositaries with relation to such interests; (5) Effecting sales through independent contractors; (6) Soliciting or procuring orders, whether by mail or through employees or agents or otherwise, where such orders require acceptance outside this state before becoming binding contracts and where such contracts do not involve any local performance other than delivery and installation; (7) Making loans or creating or acquiring evidences of debt, mortgages, or liens on real or personal property or recording the same; (8) Securing or collecting debts or enforcing any rights in property securing the same; (9) Owning, without more, real or personal property; (10) Conducting an isolated transaction not in the course of a number of repeated transactions of a like nature; (11) Effecting transactions in interstate or foreign commerce; (12) Serving as trustee, executor, administrator, or guardian, or in like fiduciary capacity, where permitted so to serve by the laws of this state; or (13) Owning directly or indirectly an interest in or controlling directly or indirectly another person organized under the laws of or transacting business within this state.Good luck!

Though you may charge an administration fee, I want to work on the foundation first.