@Samia BinghamSamia - Would you be able to elaborate any more on the present setup you are involved in/have the option to purchase.This type of investment interests me quite a bit as locally it seems to be a niche that could be filled, I'm sure plenty of other locales this works in as well besides established markets.What I'm interested in, are rents paid (if you know the ranges possibly) roughly the space someone gets for the rent, what perks they get -- is there coffee, virtual receptionist -- how is the office decorated/set up - any furniture supplied by landlord, can you pay online, terms of leases, bathroom set up -- do the tenants have to pay for web access or utilities, housekeeping, any fights/spats between neighbors, what type of tenants make up the mix.Really any insight from your experience would very much be appreciated.  

So after getting a ton of great advice from you all, I will present the seller with a couple offers.

He's been presented with an LOI from Mr 'X' that essentially has my client as the 'front' person and the owner of 100% of the shares of a new limited company.

However based on the listing contract the sellers agent may have to present to the seller anyway.If it's not the standard contract the sellers agent may have to present the offer but advise the seller not to accept or tie up the property with an questionable contract.

For Obvious reasons, I like the WCRT group, because the WCRT does not allow the presenters to SELL you their products, They must give info.Here is a link to the list of REI Clubs that BP has:http://www.biggerpockets.com/real-estate-clubs/illinois.htmlHope to see you not only post more on BP, but also attend some local groups!

I have been very successful with it and maybe their is just more data in my area or I have been working it long enough, or I'm just lucky, who knows.I think at the end of the day a good investor should be the best because the investor needs to purchase with consideration of present value with repair issues and determine an accurate value there.

One caveat, if the club presents a speaker who is selling a product/products the large majority of the time, I would infer that to be their motivation, some of the products can be great, but as you have heard time and again, all of the information that you need to succeed can be found on BP...2: What is the topic?

So eleven o'clock arrives and the three of us begin the auction, right, no bidders present but as part of the legal process they have to go through the motions.Two properties were auctioned and it was interesting to watch it go down.

If you have to, you'd need to look at the tax difference as a present valuation much like a financial premium and deduct the value from the comp.Most likely, you don't have the right comps.If you're asking will the difference effect the market, obviously, you need to look at market trends of the subject area and evaluate the property in that market, not to a neighboring jurisdiction. :)

Everything seemed to be going as normal until after I presented the Lender with the Investment Proposal.