Seems like estimating ARV will involve a bit of experience and educated guessing that will get easier as I gain more exposure to my market.Thanks on comments for Cap-ex, vacancy, other expenses.

This isn't actually intended for you Michael, you will do as you see fit, but there will be others who read this post and they need to know the huge risk and exposure of doing their own legal documents. 

Communicating in the forums will likely get you the most exposure, but it does not happen over night, it takes time and lots of effort.

You may have chosen to put this question into a thread more related to multifamilies for better exposure to people with the answers, rather that in the intro, but I'm sure someone will be able to help you:) 

You don't say where you are advertising but Zillow is usually a good place to start and they will syndicate to other sites so you'll have decent exposure.

It's when you have say $10M in assets they could target that you want to divide it into 40 LLCs to limit your exposure to $250k maximum instead of allowing them to get to everything.DBAs are really just a low level privacy shield that gives the air of more professionalism when running a business.

As in, have Property 1 pay for Property 2 mortgage until Property 2 cashflows better.I'm guessing there is going to be ways to do it, but with possible liability exposure trade-offs, but I don't know.Does my description and what I'm hoping to do make sense?  

I suspect your getting  a No money down owner finance becasue the owner knows exactly whats up.and is laying off it major cap ex on a couple of newer investorsI would make sure it you had to replace the roof and flat roofs are a bear I would think especially in snow country.. if you don't plan for it you could find yourself upside down.and thats a good though even though you dont have any personal exposure.. seems like it could be a major time suck.and for sure you dont want to refi out unless that thing is totally fixed then your putting your credit on the line and maybe PG's as well.sometimes no money down owner finance you will find that as i state are really not that great of deal your simply buying into major issues.

Two entirely different liability exposures.  

I am learning as much as I can and we have both agreed that it is time to get some exposure on the site to further our knowledge and understanding of the industry.