That would allow the proper date, names, address, and clauses as necessary for each deal.

While you can always negotiate for reductions in contract services, building maintenance costs are going to be what they are, utilities will continue to creep up (tell him to expect a major increase in WASA costs in FY2016 if he's not already aware of it), and you need to make sure that reserves are being properly contributed to.  

Not all IRA custodians accept the single-member LLC as an asset of the IRA.There are two key components of the IRA LLC - setting up the plan and using the plan properly within the IRS guidelines.Find a firm that specializes in this and that can offer you meaningful guidance after the initial setup.  

With that being said,  any properly formed business entity must have a well thought out plan.  

If you keep proper business records and do not comingle business and personal funds, it is not easy to "pierce the corporate veil".

There is more danger of making an emotional decision due to your love for this properly. don't rush and stick to your criteria for finding a deal.

At the end of the year, they would need to send you a statement of interest you've paid to use for your tax preparation.Yes, you want an attorney to assist with preparing the proper documents and ensuring your loans are legal.Hopefully you're prepared to make good on these loans, even if your RE investments go south.  

First I wanted to apologize for not getting a more recent report out to everyone; it has been one busy few months and I would not be honest in saying I had the extra creative energy to put a proper update to you.I have been in love with the Chicago area for many years despite the horrific winters.

An appraisal will carry more weight then a BPO.

For example, if you own the properties in your own name and someone falls at one of your properties, they can use you instead of just suing the LLC which offers the protection and separation from your personal assets.Keep in mind that the LLC must be formed and managed properly (we hire an attorney to do this for us) in order for the LLC to actually stand up in court.To provide additional protection, we also have an umbrella liability policy.