@Andrew Faukner I agree, that is a great idea and many Investors would benefit from using it.

I agree with Jessica, you want to work with an attorney that has local knowledge of the market you are buying in.

I agree with Russell on this. 

I agree with your hesitation on Portland. 

I couldn't agree with you more @Christine Kankowski.

I would agree with @Shawn M..

Have to agree on that point.

Notwithstanding the foregoing, if the value of Scott’s interest in any of the LLC interests listed on Exhibit B increases as a result of his active efforts, the appreciation of such assets shall be deemed Marital Propertya) Active shall be defined as exclusively engaging in gainful self-employment working toward the growth of his LLC interests listed on Exhibit B, successor LLC’s, spinoff LLC’s, or any other LLC or gainful acquisition made using premarital funds, mortgages, or other financial instruments to fund growth.

The rest of the documents like Operating Agreement, is whatever the members of the LLCs agree upon, correct? 

All that being said, I agree with some other members - depending on what costs you built into the rehab, you have to figure out what you have to work with in terms of your budget.