Usually when there is a sale, they can request it but since the property has already been sold, there is no authorization for the 1st mortgage company to release the info.

For outside asset protection our law team recommended an S-corp be formed to stand as general partner and investor(s) as limited parteners.

In my personal experience I've called the asset manager to explain that I have a buyer who qualifies for a little bit les than the 10-15% net and they have told me that they will reduce the price to match my buyer's pre-qualification so that the offer can be approved.

Placing the asset in the LLC may (or may not depending on your state an other factors) protect your personal assets from being charged in the event someone sues you from something that happened at or around your property.

But you can't finance the option unless it's a commercial deal.If you start getting involved in long term (greater than a year) deals that can't cover costs of acquisition and disposing of the asset and netting you at least 5K with nothing in it, you're wasting your time IMO.

Another book I will recommend is:Every Landlord's Guide to Finding Great Tenants by Janet PortmanThe author is an attorney so she covers all the legal issues about renting property.

This book was about investing in quads and the author encouraged the same for the same reasons.

While I'm fairly certain that is above any repair limit you might have set with the PM, I'm also fairly certain that it qualifies as something the PM knows must be fixed immediately whether you authorize the dollar amount or not.

I'm typically analyzing larger multifamily assets at my job and see economies of scale that can be realized with larger properties.

The availability of private money loans and other forms of fast cash allowed the buyers of these assets to take advantage of unique and fleeting opportunities.