Jamie,you have some details correct and some mixed up a bit - let me help.There are 4 components to a property - let us use a single family home as an example.There is the house - bricks and sticks.There is the deed - who owns the propertyThere is usually a note and mortgage - the Note is the promise, the Mortgage Secures the promiseThere is occupancy.Most people think these are all in the same and sometimes they are - in our instance, they are not. 123 Main St is the physical address.

Are you willing to share the details (purchase price, cap rate, CoC, cashflow, etc)?

All to be worked out in a very detailed operating agreement.Hope that helps, best of luck!

I don't know about this first-hand, but here is a website that might help you sift through the details and processes:http://www.doleta.gov/business/incentives/opptax/

It needs some upgrades and minor turnover details and a finishing of the basement. part 2.The otherside (address) has just been vacated.

Personally, I'd rather re-finance it and get the cash tax free (see a CPA for exact details).

See the details at the website.

Your 2% rule, 50% rule, $100 minimum per unit per month, etc makes real estate investing so easy.I know these are just guidelines and a detailed due diligence is necessary, but I think these rules save a lot of time.

Call your Recorder at the courthouse and ask what the penalty is for intentionally filing false documents in the land records is.

There are so many details to take care of and it amazes me how often title companies screw up.