The inspections are pretty straight forward. 

Your returns are greater as expenses are minimal (30% versus 40 - 50% for straight rentals).Do you really want to spend your time repairing stick homes or mobile homes?  

We are trying to crunch the numbers on these condos like we would a detached SFH and even add in the total HOA fees for the two years we would plan to live their as if these fees were any other rehab expense, as a way of comparing this option with the straight out SFH option.

I have checked online and it has been tough to get a straight answer. 

the rest is pretty straight forward.

I'm wondering if I should knock on the door, call or just go straight to my attorney.. have you been in this situation, if so, what did you do? 

You will not be able to take conventional financing straight with an LLC, and if you transfer the property to an LLC after closing, you could trigger the due on sale clause.- buy and close the property in your personal name (without your partner)- transfer the property into a grantor trust or land trust (this is allowed and will not trigger the due on sale clause)- assign the beneficial interest from the trust to the LLCIf your partner is contributing any of the downpayment, it gets more tricky.

I do have preliminary financing lined up for the purchase, but since this is the first time I will be getting an investment mortgage straight to an LLC  (I have financed all my previous properties through conventional mortgages on my name, but have reached the limit for number of properties that can be financed through personal mortgages), hope that I can get recommendations for bankers/brokers (so far, I only got options for ARM 5, ARM 7, and 15-year fixed loans)Thx much!

I've been looking around the Milwaukee area at several different houses and multifamily units and I'm wondering with my situation I should go for a single family or jump straight into the multifamilies. 

I just haven't quite gotten my criteria fine tuned and if I thought I saw something that I didn't like, for whatever reason wanted to know if it was a straight take-it-or-leave-it or if it was ok to have a conversation and talk about it and adjust accordingly.Brian