Without a doubt, this should be researched before making a decision to incorporate, form an LLC, or operate as a sole proprietorship.

Given you said poor condition and reading between the lines not fully occupied at the moment, I would offer less.

Kyle Baer Congrats on making the decision to get going in real estate.

Like you said, I'd rather get off the sidelines and take advantage of these interest rates, learn, and make a better decision in 6 months - 1 year.

Good decision not to go that direction...

Even if you follow those guidelines the ultimate decision rest with your brokerage and what kind of liability they want or will accept.The activities you are wanting to do may not be covered under their E and O policy or the brokerage may simply not want you doing these types of activities.

"Rich Dad Poor Dad" by Robert Kiyosaki"Short-Sale Pre-Foreclosure Investing" by Dwan Bent-Twyford, Sharon Restrepo"The Ultimate Guide to Buy and Hold" by William Bronchick (CD's)"Real Estate Short Sales 2013" by Jean-Jacques DegeReading:"I Love Short Sales : The Real Estate Agent's 15 Minute System for Short Sale Profits" by Charlotte AllredThank You in advance for your time!

Don't mix emotion and business decisions and try any harder to get that deal than you would have anyhow.

I think this has put me in motion to make a great decision.

Master Lease Options of small multi family that has low NOI due to poor management is a great idea.