The industry has to establish itself next door to standard construction in the neighborhood at the same price per square foot.

However, it is important to consult with a legal professional or tax advisor to ensure that this arrangement is feasible and complies with all applicable laws and regulations.

Thanks,Sarah  G'Day Sarah,Congrats on the leap of faith into the wonderful world of real estate investing.Best tip I could give you would be to take your time and soak up as much information on anything and everything real estate.Be it buying locally or out of state, the most important thing is to establish trust and relationships with key people dependent on the strategy you are looking at implementing.Over my career I have witnessed countless of investors getting caught up in online market stats, demographics, charts, etc... only to end up loosing money.As cliche as it mind sound but "Team-work makes the dream work"For example, if you buy the best house, in the best area, on the best street with the best capital growth prospects but your property manager is incompetent or a cheat.

What I was referring to were things like copies of operating agreements, verification of identity, copies of other documents we've already presented to our escrow company that establish how to take title, and so on.

If no real estate agency has been established, you are good.

You can learn to scour through the county records or you can establish a relationship with a title company to run preliminary searches.

Cousin’s $275 million investment secured a 50 percent ownership in the project’s first and second phases.The first phase is set to include 388,000 square feet of office space, 60,000 square feet of retail and 542 multifamily units, a new 14-story office building, as well as the adaptive reuse of an existing structure dubbed the “curved building.”John Clifford, founding principal at S9 Architecture—the studio behind the design of Neuhoff—told MHN that the development establishes a new sub-neighborhood that connects Germantown in the north, south and west.

True true mate,And then the “after the fact” can you help emails when S#%@ hits the fan due the DIY or BRRRR not working out… Loyalty is a big one for me and over the years I have had many folks junk ship due to a promise of a lower PM rate or whatever.We go out of our way to establish a long term trusting relationship with more than fair industry pricing, offering discounts, etc… and only for many to walk of with the first “blonde” that waves her tail at them… Such is life mate and I still go into every investor relationship with an open heart Keep being great and Happy Sunday 

It doesnt make sense to pay all this money towards a CPA, establishing an LLC and the like when the property is a base hit smaller cash flow property.

Have been considering firms like KKOS Lawyers (Mark Kohler) and Anderson Business Advisors ( Clint Coons) but would prefer a local firm.