I came here to pursue professional soccer and while trying to make that dream a reality, I got my license and registered with a brokerage to work on the commercial side earlier this month.

So, while there currently is no rent control, there was a recent vote that moved it closer to reality.

Reality is likely to be better than these numbers though, especially when you owner occupy.

And of course in those markets appreciation is a thought not a reality so locking in long term owner carries you dont lose equity  and you save on being responsible for the property carrying costs and you dont have a owner tenant relationship. 

Here is the reality you should expect when working with NACA.

Using this method with low rent properties, it’s easy to see how the percentage approach can lead to seeing cash flow on paper that does not materialize in reality.

I also think of multi family as a lower quality tenant which may or may not be reality. 

If not, is the reality that the only way to purchase in the name of the LLC from the start is to purchase in cash or go with a private financing option?

lolWith that said - I think it's about who your target market is, what the goals of the client are, & what market you are working in.Negotiating closing costs is definitely not the best move for getting offers accepted quickly but it is a possibility & reality that is often not discussed. 

The reality though, is that it could have been run any way I wanted and the "conversion" is strictly for my exit as the end buyer will be an out of state multifamily investor.