What will be the ownership structure of the entity that buys it?

Once the cash loan is settled, the property ownership is split 50/50 and any future cash flow is split the same.

In cemmercial especially when taking new ownership or if you plan to make any changes to the new building will be a substantial difference. 

@Raheem Forsythe Delayed financing is a loan that you can use in the 1st 6 months of ownership to get typically 75% of the appraised value, up to 100% of what you paid cash for the property plus closing costs on the refinance.

Now to my point so yesterday I had a long talk with a partner of mine who preached the importance of ownership.

I'm not familiar with the UK laws of ownership, but that's something to be considered.  

Turn key companies do the same and make double or more for the same effort per deal.7500 is a great deal,  and once your done your done you have no equity ownership and no on going responsibilities.

They can call me if they want my money.I'm sending letters to everyone who has a house with equity and ownership prior to 2005. 

As a owner occupied buyer, you can get a better deal on your mortgage, as well as tax benefits for home ownership.

My hazard policy includes substantial liability coverage, so I'm wondering if I'll be causing myself more trouble than it's worth by transferring ownership to an LLC.