Attached is a good slideshow on commercial multifamily lending.https://www.slideshare.net/JamesEng2/multifamily-f... Old

Although don't quote me on this, but I read this  a couple months ago from a blog, he mentioned this:"The trick to reducing your tax liability is two-fold: start an LLC but tax it as an S-Corp.

Here in Tucson, there was a big PM company that folded last year because it turned out that their accountant or internal bookkeeper or one of the partners had over time stolen several hundred thousand dollars in owner reserves, prepaid rents, tenant security deposits, etc.

Interesting, Darren, my definition is very close to yours, but I'd say there is another important element, the quality of the information given.To me, the derogatory use of the term is applied to those that add fluff, exaggerations, aspects that while may be technically correct but are highly improbable to replicate or simply put out bad advice with no consideration to ethical issues.I make that distinction because, some professor in some university teaching a real estate course or some instructor in a state approved real estate school for agents isn't a guru, they are teachers and instructors.The difference in being a non-guru teacher is two fold, 1. the materials taught are compliant with rules, regulations, laws, accepted in practice and are based in sound applications of the business; and 2. they are qualified by education and experience, by education that has some professional level that is determined by proof of their mastering a level of knowledge, testing and degrees earned or certifications by proper authorities in the industry or academia.

I then created a model for him ( transactional funding) so that he could come into title on everything he was marketing and things were fine.. he then left our fold and went right back to his bad ways.. gets caught again this time he is arrested and thrown in jail on a Friday in Jackson MS not a place you want to spend a weekend in Jail... and was then banned from the industry for life.I have another vendor I fund here in Oregon .. he simply put a for sale sign in the yard of a home he did not own.. someone turns him in to the state.. 5k in legal fees  cease and desist and 5k fine later ..

As far as the City goes...they charge you $75/year per unit for a "rental license", inspections are two-fold; exterior inspections (weeds, sanitation, exterior issues, etc) are done twice per year.

I really appreciate your time and Thank you 100 fold in advance!!

If there old clapboard siding on it now, just go over it with fan fold insulation and then your siding.

Is it in case the entity that owns the rest of the building folds?

Or simply fold uo and go bankrupt, companies never do that.