It would likely be better if the properties are kept to form an LLC as these can be flexible but keep your agreeements clear like Jon explains.

Don't visit the big guys they won't know what to do with you.Small local banks would all have Savings and Loan or Community Bank in their name.You will want to talk to their commercial loan department as this is where you will find the most flexibility and won't have to worry about DOS's.

And while people think that it provides a lot of flexibility and freedom, it doesn't (unless you're playing online).

These lenders have a little more flexibility in the guidelines becuase they will actually hold the loan for several months before selling it on the secondary market.

The author pics add a lot in terms of relationship building.I like the weekly What's the Government upto... and provided that there is flexibility in the format/media I would be happy to do this for the BP community as I am already doing something very similar via a weekly Current Real Estate Market Update podcast.Drop me a line off-line or give me a call to discuss.Pete

When the property is sold, you split proceeds as agreed and that non-voting member is removed from the company and life continues.So, as to having one or two people in the LLC is really not the way to go, IMO, it shoulkd be set up to be flexible and admit others in different positions of authority as deals arise.

If the buyer uses another broker/attorney, I let them know that if they can't get the job done in the time allotted in the contract, I'm not going to be very flexible about extensions.

I had it written to give me as much flexibility as possible.

By the way, part A and B can have different amortizations and interest rates so flexibility is key.

My father in law is a sales rep (works from home, very flexible schedule) and is far more competent than I and is willing to be a backup handyman.