Slicing off a piece of their equity and pushing the deal out for much less than a property is worth is NOT a service to the seller.

I'm sure you will agree, that there is a lot that goes into finding a deal and piecing it together.

The vacancy piece you mentioned is right on!

Find a partner willing to help you secure the debt in exchange for a monthly payment or small piece of equity.2.

Or the cabinets in the kitchen look newer, but it seems that the end pieces of the cabinets were not put up (you could see particle board at the end of some sections).

I just needed the financing piece, he took a chance and it has worked out for everyone. 

As one who put many flooded and gutted properties back together after katrina I have one piece of advice....proceed with caution.

There is a nice park there and the school itself is a nice piece of architecture. 

@Russell Brazil is correct regarding losing the Section 121 capital gain exclusion by transferring to an LLCI do not agree with the other post that most LLCs can be pieced - it is very difficult and expensive to prove, in court, that an entity is the "alter-ego" of the individual owner.  

I'm gonna really be doing my due diligence to make sure were ready to offer top notch service to any clients we work with, but just want to speed up the learning curve as much as possible with any expert guidance.God Bless!