If the gummint wants to eliminate the profit motive, they are sure doing it.

Interestingly the purchase of the Lakers also came with some choice real estate that he purchased from a motivated seller.

Small world eh.Sure is, contact me whenever your in the area. maybe we can work together on a deal. i love the mineral area, finding investments is pretty easy due to the motivation for people to pull up the tent stakes and head to the city.

I'm marketing to landlords (to try and find ones motivated to sell) and oftentimes (50%+) I run into a property manager.

Target people who are having financial chaos of any sort 31.

Now, I get that someone who thinks you might relieve them of their financial misery is very unlikely to harm you, just like a person on a rope bridge with you is unlikely to cut the rope bridge, but you know, if you meet 50 new people a year and turn your back on them in their house, you might have one with nefarious motives.

But that ratio number isn't used by the lender at all as some sort of qualifier.The qualifier I think you're referring to is debt to income.

and should I get some sort of contract as well with lawyer?

And if the property is owned by the LLC and the insurance is in the LLC's name, I'd still want some sort of umbrella or other coverage to protect me personally in the event that there was some exposure above, beyond or around the LLC policy.

Your statement that "no property exists in a vacuum" rings terrifically true and I will make sure to take the steps you suggested to double check the investor's motives and analyze the deal systematically.Kyle Sparks and Bill Gulley Your input is appreciated as well.