His lawyer said no , but he said that 5 million was a good number . he tossed the keys across the table , told her to open the gates at 5 am and warm up the trucks , and a whole list of things , and to cut him a check for 5 million . 

The most likely scenario is that his renters will eventually do something that costs him a significant loss, despite cutting them a major break for so long. 

You might get 100 inquiries in a day, but everyone is a dud, and a waste of time. 

I'm going to do this tomorrow as I need those forms by Wednesday, but I'm trying to avoid wasting that money (although it's arguable that it's still a good deal).I've emailed support, but they did not respond within business hours today, so I thought I would ask on here.

I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues. 

Any suggestions on how to cut to the chase with the bank?

Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.

A lot of it might feel like wasted time, but it's just practice until you find a deal that works and you close. 

No qualified commercial loans based on current interest rate and cap rate offered.To solve the problem, either the rate has to come down significantly (probably not going to happen in a few years), or the cap rate has to go up to 10s, which means the price has to be cut by almost half.For those folks that has a maturing commercial mortgage, they can not refinance based on today’s rate.

That said, I'm considering selling the property to cut my losses before they happen.