Assuming all operating costs and maintenance costs are same or similar which would be the better buy.

As to SEC attorneys, I doubt you'll find one who will say that your operation avoids SEC regulations and provide a guarantee of that, since they are pretty broad in what might constitute a security, that will be determined by the regulators not one attorney.You'll also find that a broker or investors who have problems in a deal will put any straw man in a bind quickly if they can not cure the problem quickly.

Banks that operate in a few counties... if you have cash to offer, they will listen.

You can specify the terms of the LLC in the operating agreement.

We managed to cut over 2 seconds off of the load time of every page on the blog -- a very significant improvement.

The reason for that statement is that you are in the same area where some of the best rehabbers in the country operate and I know you can pick up some of the tricks they are using to secure properties just from networking at that REIA.It is definitely not like 2004-2006, but there is still a lot going on and even though it is tougher here in Tennessee, there is still a lot of opportunity and a lot going on.Best of luck,Chris

There are plenty of auto mechanics who operate their garages under an LLC or corporation.

4) Do LP's typically receive a preferred return on sales proceeds or only on operational cash flow?

My real estate experience is in owning and operating a mobile home park, but this seems like a small deal that we could handle.

Jason - We migrated to real names well over a year ago and did so with plenty of heads up in the weekly BP newsletter and elsewhere.NOTE: There are a few people who aren't seeing their images at the moment because we're working on a switch to a system that is speedier in loading things on the site.