I think Buildium sounds like a great tool to be using, but at only 6 units, I think there are just as efficient ways to manage property that won't cost $500 a year.  

Real estate is an inefficient market compared to other financial investments, but even in an inefficient market place you need the most efficiency or activity that you can find. 

You can find owner address info at gis.hicentral.com.

There are a lot of PM companies that have long standing relationships with their vendors who, because of this relationship, get things done efficiently and competitively.  

Not sure how to address all closing as states have different factors.

However In our purchase agreement, we only have the address of the main property.

Please feel free to read other post on BP that address the same topic as I am not alone.

Even though I had the sellers phone number and email address at this moment I knew using the Realtor in this case was best because the seller whole heartedly trusted the real estate agent.

If those systems are old, then you should be in the high 70s, low 80's.Without knowing the address, there is obvious caveats that may exist.

Hi @Joe Fairless - two of the biggest mistakes/problems I see are (1) not recognizing that when you bring in investors and give them a percentage of an LLC that is actually a "security" and there are laws that need to be complied with in issuing the security, and (2) not addressing capital call provisions (or other financing options) in the event the venture runs short of capital after the initial round of investment.