A contract isn't valid without consideration.  

But take into consideration that in case your LLC is a partnership, you owe taxes to KY every year wether you have income or not.

According to the current Shiller PE Ratio (aka Cyclically Adjusted PE Ratio, aka CAPE Ratio), of 30 we are at a height only matched by Black Friday and exceeded by Dot Bomb (ref http://www.multpl.com/shiller-pe/).

I know that the property management it's not a primary consideration but I share it with you cause I have a very good and reliable team in Orlando so I'm sure they will save me a lot of money if they will take care of the properties.I'll be happy to get advices and detail info from a local investors in those cities. please be specific including neighborhood names or zip codes where you think will be the best to put the money in. 

It's an expensive market (for the most part) but the rents are high, so it is possible to find something where your cut of the mortgage would be minimal.Adding to the areas you might like: Uptown, Jack London Square, Cleveland Heights (AKA Eastlake), and parts of West Oakland.  

I have not had to factor in a commercial rental in my considerations.

Michael Swan send me your stinker properties in Heights so I can avoid them -;) and thanks for sharing your problems with them.

You can find some good properties, especially on the west side in Indiana Heights.

One can make money OOS still but there is the consideration for quality overtime as the FI writer notes.

Make sure the $119K purchase price is a "good deal" and that rents (or other considerations(s)) can pay for all encumberances, reserves, and operating expenses.Step 1.