But in the beginning, I'm going to have checks arriving made out to me (personally) and checks arriving made out to my LLC.I'm worried that if one day I get sued for God-Knows-What, some attorney will say "Look at this guy, he was receiving checks made out to himself personally even though his LLC was already formed."

Some leverage works as a tool, too much and the slightest hiccup can bring the whole thing crashing down.

(Similar to the principle: When the price of your shares crash - buy MORE).

We love renting from ourselves at the first practice, and would like to do the same here, but this building is multi use, with our dental practice on the first floor, and 7 apartment units (2 in the basement, 1 on the first floor, and 4 upstairs).I have been taking a crash course in multi family real estate here at BP and Google. 

When you buy a new policy and that little booklet on very thin paper arrives, read it.  

If your physical vacancy is 12.5%, your economic vacancy will be greater, perhaps even double depending on the tenant population, the neighbourhood and the rate of decline of the business.You need to understand the customer, and how the business arrived in its present state, before you can determine whether the pay-back on 50K of CapEx - not to mention the initial purchase - is sufficient.As others have posted here, it sounds like the Vendor has milked all of the equity out of the building - leaving the building with significant deferred maintenance; perhaps even obsolete.  

My insurance dropped me after a made a large claim ( car crash into house).

A litter bit late I arrived!

Hi everyone, I've been in real estate since the late 80s and took a big hit in 2007 when the market crash, I'm just trying to get back into it.

Hi everyone, just trying to get back in the market after 2007 crash.