Hey Nick...if you aren't already...join in the fun and sharing at the weekly breakfast networking event for investors or the monthly meet up at BW3 in Wyoming on the 2nd Monday of the month...both are free.

There's an investor meeting every month (2nd Monday I beleive) at BW3s on 44th st. and RPOA has an investors breakfast every Friday.  

And all of the above entirely skips the usual appreciation that real estate comes with.  

But if that's why you're doing this I'd skip the process completely.

Owning a bed and breakfast, assisted living center, rooming house etc can only be compared with less labor/ business intensive real estate investments if one can lease the property on a true net basis to a single operator who will run the business, and if fails another operator is available to take his place.

Is it a bed and breakfast, or is there some other specific service that’s being provided?

Then from here, you can send letters to the owners or skip trace to get phone numbers to cold call.

If you're working with a great realtor who is well-versed in investment purchasing and can introduce you to good lenders and other vendors, why skip this chance to get her help and learn something in the process?

If you don't have a lot of cash in the property then skip the LLC and get some liability insurance.Unless you don't plan on refinancing or anything This is just from experience...

Then I just added her name on to title after closing, but you could skip that part if you wanted to leave the property in just your name for some reason.