So I would basically be adding a line to the current contract, with the specific details?

It appears there would be added costs by using transactional funding vs using C Buyer funds.

So if you bring them up to market, then you'd clearly be adding a lot of value when you sold to another investor after stabilization.

@Megan ClancyIt can be added to your insurance, but you need to talk to the insurance company to see if they do it.

This will be especially useful if they decide later to ask permission for another family member to be added to the lease (sibling, nephew, elderly parent, etc) and you have already set the standard that everyone will be need to have a background check.

The Absentee Homeowner with Equity is tried and true, but the Atlanta area is fairly active with investors, so you might be adding your mail on top of several others that the owner has received.You might consider Seniors with 20+ Year Ownership.

The swarm of nerds with their BH lanyards bogging down every bar and restraunt for a 2 mile radius suuuuucked.

Or should I form my own LLC/S-Corp to be added to the deed as an equal entity?

Best to go into the deal with the expectation of putting up 25% down; 'Creative' financing is possible, especially on a turn around type acquisition, where the buyer may be adding value to the property through better management, renovation, tenant mix, etc.One thing to watch out for is what I call 'the great lie' of apartment sales. 

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