No matter which side of the lending transaction you are on, you will want to consult with a local RE attorney and get docs drafted up by a professional to make sure you stay legally compliant and have adequate protections both as borrower and lender. 

Like insurance, you pay thousands of $$$ over the course of years where nothing happens, and then 1 incident happens and all of it pays for itself.

.' - Like any investment, risk can be mitigated through thorough due diligence and working with experienced professionals.4️⃣ 'I don't have time.' - Investing in multifamily properties can be passive with property management services or investing in syndications.Don't let excuses hinder your potential for financial growth and passive income streams. 📈 #RealEstateInvesting #MultifamilyInvesting #FinancialFreedom"

Stay informed, consult with professionals, and carefully consider your strategy to make the most of your real estate investments.

Consult with real estate professionals to help assess the properties.

If you found yourself in a legal battle over pick your scenario, you could save money by being your own council or you could hire a professional to get you the best chance of things ending in your favor.

This community is full of experienced professionals who are more than willing to share their knowledge.

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I have looked into possibly paying for a mentorship course to help me through this process.