I went on to work not only in escrow with my sister, but in the Title company, Originated and processed Mortgage Loans, worked as a Foreclosure Specialist, been a private transaction coordinator and finally now I work as VP of Acquisitions for an international firm, and privately as a trustee and private investor.

I have considered acting as the general myself and of course I would love to save the 20% contractor's fee but the prospect of finding and coordinating competent and reliable subs and getting three estimates for each sub category is too daunting a task for me.  

Based on that you have two completely different approaches, if it is a former it really comes down simply to income you and your partners have and a 25% down payment (assuming you are not going to live there) for a conventional agency loan (FNMA/Freddie) and you will have to put it in your names as no mortgage banker will finance an LLC/LP (there are ways to get around it after you buy it in your name and transfer into an LLC without triggering a due on sale clause but that is a different conversation).If you are talking about a multifamily loan, you can get a down payment for as low as 15% for certain product types (like FHA multifamily) but you would need a loan amount of about $2 million for most lenders.

I found out Zelle has limits on how much you can transfer.

Also don't forget that if there are security deposits held by the seller, those should transfer to you at closing.Good luck!

It sounds like you figured it out but normally the path of least resistance is just to call the city’s building department and talk to them, then ask them transfer you to the zoning department and have a conversation with them.

The don't want to take on the extra work and liability of coordinating agent showings, inspectors, etc.3.

Hi, Dear All
I have bought an early bird ticket for STR Nation Vegas Conference 2022. The time is from Saturday, October 15 - Sunday, October 16. It turns out I can not go due to schedule conflicts. If you are intere...

We've often experienced contradictory advice from these two professions and finding two that will coordinate together is VERY helpful.

We later quit claimed the properties to our LLC in order to transfer the ownership.