Have complementary skillsets and spell everything out in writing.I think folks just need to understand that buying rental properties is a business small medium or large... same principals apply like what your talking about.. just because in the US our lenders allow for this aggressive leverage situations for inexperienced investors does not mean one should just go hog wild  when they start..

Do not try to lowball someone with the tax assessed value as justification because unless they are inexperienced they will not go for it because in most cases it isn't the most accurate value assessment.

I actually hate it and want to move, but it is certainly a nice unit.Any thoughts/advice for an inexperienced investor?

Sounds like a solid D class property  is your cup of tea.

and it's full of ice tea and tethered to the TV remote.

It's amazing how many tenants will turn around, especially the inexperienced ones, and learn from their mistakes. 

Being inexperienced and putting together a project that big, I would suggest you hire a consultant with experience in developing a project of that size.

I guess I'm so inexperienced when it comes to insurance I foolishly didnt look elsewhere and just signed up with Foremost because they sounded reputable.   

Here's a link to a good & readable article in re Series LLC's:  https://www.forbes.com/sites/jayadkisson/2018/06/1...Here are a few interesting quotes (bolding & underlining are mine):  "For these reasons, the Series LLC is not an entity for general consumption, for the do-it-youselfer or even the average LLC planner who is inexperienced with Series LLCs.

Just read a story here in these forums by an inexperienced agent who lost $25k to wire fraud because of his inexperience.Worry about how to do the job right, how to limit you and your clients liability.