If my wife and I form our own LLC how do we make sure our equity partners have equity if they're not part of the LLC that holds the title?  

Hi Sandy, call ALL of the local title offices / closing Attorneys asking if they have seen a LMLO on a sellers note.  

Because they don't want to due the work you're doing now AND to be responsible in the Title insurance.

Insurance is $50/mo and the taxes are $60/mo.  

Do these number Monthly Gross Rents $ 4200Monthly Expenses  Vacancy       $ 336 (8%);  (including here since 50% rule includes vacancy as part of expense)  Prop Mgmt   $420 (10% of gross rents)  Insurance     $208 ($2500 yearly; quoted by insurance agent)  Prop Taxes   $680 (2.9%/year of assessed value; actuals; eats up 15% of gross rents)  HOA fees      $330   Maint Reserves:   $420 (10% of gross rents)  Maint/Repairs       $84 (5% of gross rents)Total Expenses : $2478 (59% of gross rents)  NOI:   $1722  Mortgage: $1215 (25% down @ 5% interest)Approx Cash Flow: $507/month (about $125/unit)Cash-on-Cash: 7.2% (Assumes 25% down + 3% closing costs as initial cash requirement)Thanks,Jacob  

I'm not an expert but do have firsthand knowledge about asset protection, insurance agents, contractors, etc.

But I do know that the title company that you are going to work with will be able to answer a lot of the questions for you and potentially be able to help you write up the contract on or have connections on people to help you with it. 

Only attorneys or title companies may act as trustees to conduct the foreclosure process.  

Message me or call for info on Guaranty National Title or Chicago Title.  

Also you bring up a great point, post it in the housing section in sure you will get a response quickly.