But in my opinion, the biggest issue I see with folks jumping into their first "big" multifamily deal is the quality of the pro forma. 

good name by the way!

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?

I don't want to name the REIT we dislike, but if you want to talk more about this offline shoot me a DM.As far as investor profile, it really comes down to someone's individual circumstances and what they're trying to achieve. 

One thing to note when getting conventional mortgages and spouses.There is a 10 limit per person for conventional financing.You can either do 10 conventional in each person's name which would be 20 mortgages for 2 people or if you do the mortgages jointly, will only allow 10 in total.My thoughts are not to own joint assets until you are both married. 

Quote from @Desiah Barnett: Hello, my name is Desiah Barnett.

My name is Max, and I’m from Odesa, Ukraine.

I'm assuming with a name like handy pro connections he probably doesn't have a NJ HVAC/R license.

I want to know is it more cost effective or easier to purchase the property alone and put it in a mortgage in our name or purchase the LLC from him that holds the property within it.

You can also post the Notice on the door in a sealed white envelope with her name on it and marked Confidential.