He can also tell you if it is a simple fix or major problem.

These aren't issues with the transaction itself, but with the operation of the plan or entity after the fact.The major unidentified risk, as far as I can tell, is that the Department of Labor technically has jurisdiction over Prohibited Transactions--not the IRS.

This way there's no issues of ownership on the properties, or concerns if I'm no longer the majority holder, just loans.

Not knowing if you can get a clean title down the road is a major issues.

Man I hope this turns out ok, luckly (knock on wood) this is one of the only major worries I've never had to deal with.

Sometimes the roof line is deal breaker unless you can do a major rehab.

That is a MAJOR expense that will raise it head one day, you need an estimate of when it will happen.

Tourist wise, just take a ducktour and you'll see all the major landmarks and know the history.

Yes, the vast majority were rejected, or countered too high to make a deal.But, on just a few occasions I was able to purchase a property far below asking price.The best one was an automotive repair facility I wanted.

A majority of buyers overpay for a property and underestimate the expenses.They are either a new or uneducated investor about that asset type.The seller is hoping the buyer makes the same mistake they did and overpay for the property and bail them out.It is hard to find deals that pencil when buyers are purchasing bad deals.Think of this.You would rather be in NO PROPERTIES than have money tied up into LOSER PROPERTIES you overpaid for.