If I'm concerned about a potentially big issue (structural, mold, etc) that I can't evaluate before I put in the offer, I'll include a 3 day due diligence contingency.But remember, between the time you get your offer accepted and the time all the contracts and addenda are signed by all parties, you have a few days to do your due diligence, get contractors to give bids, etc.

Pressed piles cost about 200-300 each depending on how deep they need to go (total foundtion repair likely about $10,000 for a 1,200 SF structure).

You need to make sure you have an exemption or that things are structured properly in case things go south.

Do not be the person who does the day to day management of the property management company (of course this requires enough properties and cash flow for both companies to be viable....)LLC is better for limiting liability (hence the name Limited Liability Company) - HOWEVER - NO BUSINESS ENTITY will limit your liability if you personally are the one who is negligent/grossly negligent, etc... and your action or failure to act is the basis for a lawsuit where judgment is awarded to the plaintiff.If you have enough business to use the LLC owner and Corporation manager - this gives you the best of both worlds: better protection against liability and better tax savings through the corporation.The best structure is more complicated, but hopefully this gives a decent summary....

At this rate, the walls should outlast the rest of the structure!

It's the more complicated stuff that is important (structural issues, specifically), and very few home inspectors are qualified to diagnose and make recommendations on structural issues.2.

The structural repairs are inexpensive.

Hello All,I have been reading a lot of the info here trying to get a good understanding of how to structure my first syndication.

I can't tell if you are adding additional structure to increase the square footage or if you are getting that from the basement finsih out.

on a per pull, hourly, or whatever fee structure.