Wave Accounting is a good free alternative and eventually when you scale up; the transfer to QBO or Xero is relatively painless if you just do an opening balance JE or other methods.

His background was acquisitions and purchasing large tapes of properties.

I've only experienced one or two times out of an extremely large volume of transactions where I was unable to locate a subordinate mortgage.  

Maybe taking 4 weeks to list a large building is normal?

It's just less feasible in the commercial world with larger deals and large inflows and outflows in certain periods.Well said on the cash flow and value. 

If you get over that large hurdle then a lease option can work if you actually save for the purchase and you do not get unlucky to hit a depreciation cycle.Both people I have known that have had lease options chose not to exercise them because of a depreciation cycle.  

You should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.

I'm definitely valuing quality and timelines as I'm looking at a couple large multi family rehabs.

large multi-family?

I, myself, invest in multi-family and think it's a great way to scale your portfolio fast!