You are buying current rent rolls not projected rent rolls therefore you must price the properly accordingly   Getting the rent roll is easy.  

You need to use proper legal notices and follow the landlord-tenant laws for your jurisdiction.

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.  

., The Wealth Club, Prosperity Group, Lifestyles Unlimited, Real Estate Titans, Renters Warehouse, and many more!