On the other hand, pushing through to completion could potentially offer better returns if the legal and construction issues can be resolved in a timely manner.First step is to understand the title situation, and then speak to lawyers and begin the process of getting your funds!

My question is, do you recommend using a lawyer to set up the operating agreement? 

Another advice I have been given is "just be a good landlord" but that doesn't protect me against crazy tenants and ambulance chasing lawyers who would be happy to destroy my life. 

I don't have a judgementDo you have to hire a lawyer if the tenant has already Vacated? 

You need to find out whether A) a mortgage/DoT was created, and B) whether it was recorded.Also, its lawyer time, especially if the loan is in default.

That said, some states have laws that say if a title company or a lawyer has to do the closing.

My lawyer tried to challenge the interpretation (with an appeal) but was not successful and we had to obtain the zoning approval for a second time.

Computer or Smartphone, an internet connection, a blank Purchase and Sales Agreement, and Assignment Contract, an investor friendly title company or lawyer(depending on which one your state uses for closings), a bank account..

A lawyer can easily find out how much equity you have and with more equity you are a more attractive target.Thanks for the input, Bruce!

One of my meetings there was with a real estate lawyer who specializes in legal contracts.