So a contact (birddog for all intense purposes) calls me with a deal.

Dual agency can get an agent into hot water FAST, and, for the purposes of an investor buyer, I would say it defeats the whole idea.

If the sole purpose to create an LLC is to be able to finance it through it, you created an LLC for the wrong reason.Business generally create LLC for asset protection and tax reasons.

My debt and also my partners are minimal at most and we both hold jobs we could get personally approved however it defeats the purpose of opening the LLC then.

Because differences of opinion may arise between appraisers as to the degree of comparability and the amount of the adjustment considered necessary for comparison purposes, an appraiser should document each item of adjustment.Only comparable sales having the least adjustments in terms of items and/or total dollar adjustments should be considered as comparable to the donated property.www$irs$gov/pub/irs-pdf/p561$pdfreplace $ with .

If the information provided does not benefit this site I will simply stop posting and just take information.My purpose is to give back a little bit as I have taken in the form of free education concerning Real Estate Investing and related activities.

I think we assumed to use my brother to give business to him but after looking at these numbers, we need to collect ourselves which is probably good for experience purposes. 

Hook up with some more experienced local investors who like to chat.Just remember never to fall in love with your investments, they are vehicles, their purpose is only to get you to where you want to go. :) 

for tax purposes (according to my smarter half).We are the Owen clan. 

The negatives are that you may be shifting your focus from investing to a job, and may defeat the purpose, also when you are an agent you must disclose, and also have to walk a fine line of negotiating yourself a great deal, and if you should be looking out for the person you should be negotiating with.