So, I'd say that the general concensus is of newer mortgage investors is to stick close to home so that they can physically manage issues that may arise.

The most popular games involve blowing people away.

This case arises because the members of a law firm organized as a PLLC did not adopt an operating agreement or any other documents governing the operation of the PLLC."38 pages of lawyers pissing on eachother.

As to multiple member organizations, I'd still like to see a meeting of the minds of members evidenced, even if issues arise among members, if such meetings and discussions are actually accomplished, actually, mine were. :)

As a newbie I went to Zillow and all the other popular Real Estate web sites and found what I thought was “Comps”.

You probably want an attorney to help you close this anyways as they can help you in any other problems that arise.

This basic knowlege can keep you out of trouble that may arise with other guru programs and keep you from looking like a novice with Realtors.

Then there is the challenge period (where parties and lien holders can challenge the validity of the sheriff sale or the scheduled distribution of proceeds from the sheriff sale); a court order might arise as a result.

He thought otherwise and said it was "rent ready" as far as he could tell and if any issues were to arise his in-house maintenance people could easily handle any task.....of course they could to the tune of a 10% up-charge on services.

Be sure it states no where in there that it is a down payment.You will want to be cashflowing on the properties as well if your not and you have issues arise you dont want to be paying out of your pocket for a property that you don't even own(sandwich LO).I would definitely read up and ask a ton more questions on LOs and be sure to have an attorney draw up a contract as they can be complex if you are not familiar with them.