The missing piece that’s also important is to think about what you’ll do with the benefit.

On the flip this is a great way when starting out as a new sponsor probably doesn't have all the pieces in place and it's easier (sometimes necessary) to bring on a partner to fill in the gaps.

If you're paying a someone or a company to manage that's the missing piece of the puzzle.

The 2nd piece would be the operating costs, who pays water, electric, landscaping, management fees etc.The 3rd piece would be the income side, your expected rent minus vacancy.

(separate from my question, just a little background on my experience) I have architecture clients that have invited me in on a piece of a deal flip deal.

I haven't been part of a major lawsuit, but I'd imagine it wouldn't be that hard for someone going after me to piece together me buying a house under my name, then transferring it to an LLC... and I'd imagine they'd ask why I did that?

How would you perform the physical diligence piece on Condos?

Usually, if you can find a piece of land that has a mobile home already on it or did in the past it may already be zoned to put mobile homes on it.

Your question is very broad which I can break down a couple pieces.1. to buy property in the US you need: identification, proof LLC is current, an American notary at an American embassy which the appointment to sign is often needed months in advance.2.

Based on the questions you had asked my best piece of advice to you would be to set up some simple goals and outline your vision of what you want from REI.