There is 10 years left on the mortgage.

The owner passed away and left the properties to his kids.

My structure in my opinion addresses any dodd frank issue and license issue that I can think of but again I wanted to see where I have left myself open to risk and would sincerely appreciate feedback.Sorry for the long post, and thank you in advance,Rob Krach

For instance, maybe the HVAC unit only has 5yrs of life left, but normally it would have a 20yr life. 

I have never seen a good deal left on the table because of lack of a buyer.So, you may want to reverse course and start with finding a good deal, then another and you will be well on your way to REI success.In the interim below are some links to catch up on.http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessREI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.http://www.realestate.com/advice/buying-your-first-investment-property/ However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

We're also flipping in the low price areas like Tacoma, Lakewood, Spanaway, etc.I am looking forward to the next crash because then you can get deals left and right if you work with liquid cash, private money and hard money.

With everyone else working 'on' their business, I guess there are officially two of us left!  

Although deals have slowed WAY down, there are still people around her making money left and right, locally and elsewhere.. 

The link is on the left side of the page that loads under investor resources.

As a side bar our property values are pretty low.