We'll play around with the percentage and see how that works out.We're thinking it would be best if we laid out the roles, procedures, responsibilities and payment in a contract before we proceed with both individuals, so there would be no misunderstanding later on down the line. 

Have a couple dental practices need to get sold before we can move home but want to start investing now

In Cheyenne we get a lot of long stay guests in the form of  physical therapy and dental students doing practicals for a couple months, people in town for the legislative sessions, retired hockey team parents and military transfers arriving before their family's. 

What is the procedure for putting rentals that you have purchased as an individual into the said LLC.

You need to know/read the lien laws and procedures for Your state.  

In that case you have to track them down, take them to small claims court, and then try to win a judgment at that time.This does not even start the collection procedures but getting the judgment........... : ) People underestimate how much work this really is.

However,  they also said forming the individual series is an internal procedure.....something which can be done with a company resolution - that sounds suspicious to me.  

I am doing this because I will be attending the Dental School there in 2 years and plan to move in that area and if I can have a condo or apartment paid off by then, that would be amazing!

The standard eviction procedure takes over 45 days here and if this continues, I may be an owner of a completely empty apartment complex way before that.On the top of it this is the Communist State of California where tenants have more rights than the property owner.

Is this standard procedure for a foreclosure?