Ergo i always open a new market with Cash establish track record then go for funding from banks or HML.  

Sellers want to base price on forecasts, but the established cap rate range is off of achieved NOI.  

It's as easy to pour water out of a boot with the instructions written on the heal to get accommodations donated to a fundraiser from establishments in Branson.   

Is there some sort of accepted criteria for establishing the status?

Easier, quicker route but I believe I would have to pay closing cost at the time of purchase, and then pay it again in 6-8 months when I was established and wanted to switch the property to just my name.

My guess is for smaller/less expensive units in a cities where they are well established in, it may make sense for some owners.

@Roger Poulin A way around this would be to establish a relationship.

If you go with an established contractor that has a good reputation, this should be low risk.

Hi, I am looking to establish an LLC for our Real Estate investments and am looking for a strong lawyer in this area.  

I thought local community banks where I have established relationships would be the best place to start but I’m wondering if that’s not the case?