It also has several opportunities to house hack the estate which include a mobile that I am renting ($1000mo), walk-out basement that needs updated but can be rented, and a building that looks like they were trying to make a duplex but the county shut them down for not getting the proper authorizations.CURRENT NEED: GUIDANCE, MENTORSHIP, and maybe a little more GUIDANCE.

., maintain proper documentation, segregate your and the LLC's accounts, and keep adequate reserves in the LLC's account(s)).4.

You just to properly describe the “proposed” piece you are trying to buy.....dimensions, reference to existing lot lines/corners, etc.

I have been lurking around the BP site for several months now without properly introducing myself. 

The other criteria is: Ensure that it doesn't negatively cash flow even when 100% leveraged!

@Daniel Pitta In my opinion Background checks are the number one best way to vet a prospective tenant.Many things fall under background checks like calling their employer and previous landlords.Also I know some PM's that like to sneak and peak in their car and see if is junky, if so they is likely how they will treat your property.Also these same people will find an excuse to stop by their current residence and look in the door for the same reason.W-2 paycheck verification.No evictions in last 5 years.Tenants make 3x the rent.If they can't come up with all move in money don't rent to them.They ones that beg and plead for you to rent to them you should run from.Make sure they have stable employment - same job or in same field for 2 years or longer.Get a larger deposit than 1 months rent to encourage them to give you proper notice when they move and that they don't try and use deposit as rent when they move out and that they also leave your property in good condition.

You need to ensure you are buying something that works as an investment first and foremost, then make it work for you the best you can while living there.

This would require a good real estate attorney to set it up properly so it doesn't raise any eyebrows.

If people do not have an intimate knowledge of something then they do not need to be writing blogs giving people inaccurate information with broad brush strokes about an industry.Restaurants can do well but like any other sub-asset class of commercial retail you have to buy right and know how to properly underwrite.

Ensure they have the experience to guide you appropriately and check references.In regards to the structure of the returns for the investor I would start with the return you would like to offer the investor and work backwards.