Move back into the parents when not working and hopefully be able to pay cash for my first property sometime late this year.

Very Important: Make sure you look at the age of the deceased (don't want to send letters to parents of deceased kids).

I'm looking for a little direction for a building my parents are selling.

When committed in the lawful defense of such person, or of awife or husband, parent, child, master, mistress, or servant of suchperson, when there is reasonable ground to apprehend a design tocommit a felony or to do some great bodily injury, and imminentdanger of such design being accomplished; but such person, or theperson in whose behalf the defense was made, if he was the assailantor engaged in mutual combat, must really and in good faith haveendeavored to decline any further struggle before the homicide wascommitted; or, 4.

Assuming you're talking about NYC, the cost of property is likely such that positive cash flow is very difficult, as rents aren't going to be high enough (relative to purchase price) to cover both expenses and debt service.For example (just a made up example), if a $400K property will rent for $3000/month, that $3000/month will barely cover debt service, taxes and insurance...it won't cover maintenance, vacancy, capital costs, etc, let alone produce any monthly profit.Do some research on the 50% Rule and you'll start to get an idea of the costs associated with holding rentals.

Definitely need a Parent LLC and that LLC can now own the other 3 LLC's (rehab llc, rental LLC, management LLC).

To with hold a higher offer from a seller is fraud.

My wife and I and my parents set up an LLC for a house we purchased and rent out at the beach.

Got a good reference from tenant parents.

Less than a year later, the person that fired me had been fired by the parent company as a VP, his buyer walked away without closing the deal, and by ex-boss had run the company into the ground.