Big brokerages with all the listings started the trend and smaller brokerages followed suit.

The positives are that it does not need to be made public and avoids the high costs of an LLC set-up like in California.If there are more than two entities or individuals in the collaboration, then a JV agreement may not be well suited for this.I have a very simple JV agreement example in the Fileplace of this site.http://www.biggerpockets.com/files/user/bokman/file/jv-agreement-where-owner-is-partner-docx

I am actually consulting someone on doing the same thing with a 48 suite right now.

If you don't have excel and don't want to buy it, OpenOffice.org has a free office suite (yes, I have a slight and distant relationship here.)

I plunked down $800 at home depot a month ago to replace a water heater that was trying to turn the basement into a swimming pool.

Try networking at chamber of commerce meetings, networking functions (where folks with actual money attend - not the ones where folks just want to show up to look good in a suit and hand out business cards as they try to pick up women - lol).

Plus, if the LLC gets sued, the laws of the state where the suit is filed are what take precedence, not the laws of the state the LLC was filed in.

FIgure out what investment strategy/module suits you and work backwards from their.

The entire community has the sameclubhouse,gym room, swimming pool and couple of tennis courts.

I am just wishing if there's any policy to cover law suits from the buyer after teh sale?