Private loans from individuals

I do agree with you, anything an inexperienced individual like myself can find on Zillow is probably still on market for a reason.

I am trying to purchase a property that has 7 units, one of which is a 4BR, with 4 individual leases.That is fine for now, but my property management says that they will not place a  new tenant in that unit because of liability.So my question is what are my options on this when one of those tenants moves out?

I live in northern Canada (so I understand there are legal differences from our neighbours to the south) and would like to start a real estate investing corporation with a few coworkers.We would be a group of about 5-7 individuals investing in Canada with options to spread into the States if things go well.What I would like advice on is what kind of verbiage to include in our contractual agreement (bylaws, unanimous shareholder agreement, etc.).

They send the worst third party contractors, authorize the least amount of repairs, and take an unacceptable amount of time to dispatch folks and make decisions on how a repair/replacement is to be handled, while your tenants are without their appliance what seems like FOREVER.

I've done a Robert Kyosaki and Dale Carnegie course/meetup....great authors, entrepreneurs, they're seminars are all garbage. 

I know I wouldn't want to rent to those individuals.

@Ashish Acharya I didnt know any better and always created a new llc for new purchases; I assumed these 3 family homes would have more individual protection in th event of any lawsuits.

Since I am both the agent and the authorized signer for the buyer.

They were authorized to so by Dodd-Frank, which was passed in 2010.