Thanks Chris but loan will be in the individual state LLC not on the Wyoming one.

I work out of my basement and have been trying to find a location near me that rents out individual offices. 

The issue is not the contract, the issue is going to be enforcing the contract, the individual who was selling this could hold this up for years and cost you tens of thousands in legal fees, and then they file bankruptcy and stall it another 5 years.

I focus heavily on the sell side and on the buy side only work with high net worth individuals so the newbie wanting a 400k multifamily with an FHA loan probably isn't for me. 

You can learn something from everyone" is my motto. 

It's a great learning experience.  

we did this a lot pre 07  in that year Oregon WA and then CA made laws that had lots of teeth about dealing with those in foreclosure.. so we just stopped doing it risk was not worth it.I cant see how an individual can do this really..

This is a great place to learn and to connect with people so take advantage of all the great resources.

For practitioners in the real estate industry, the biggest challenge is not just the difficult work, high risks, or immense pressure, but the necessity to learn to let go of complete control over outcomes.

Would love to connect and learn/share with other moms!