With all new utilities being right off the I-44 and exit 153 makes it ideal.

Have a separate bank account from your personal, make sure the operating agreement spells out how to value if anyone exits, who can buy into it, you can vote to not distribute funds- if your sued they can come after your property but also your Cashflow stream.  

What market are you looking at, what type of housing are you interested in getting into and what's your preferred exit?

I'd love to hear from fellow investors: What exit strategy do you commonly use, and what has worked best for you in today's market?

It typically takes away your exit strategy of a deed in lieu of foreclosure2.

. #5 hits the most for me, as I’ve had and have many clients that either exit as a refi or a sale, but don’t consider the future value/costs based on that true future value or completion timelines.

I am looking at a property that has a garden level/basement with ~7ft ceilings, normal height/size windows, and 2 separate ground level entrances/exits... it backs onto a hill and is roughly 80% above grade. 

Quote from @Mary Jo Carruthers: @Chris KittleHave you thought about your exit strategy?

Mike, I can't tell you how much I agree with you.I also work at a college, and when I do exit paperwork for graduating students, I see that thier emails are still [email protected] and they wonder why there are no jobs out there!

And don't forget to also factor in your investment goals, cashflow needs, and exit strategy.