I'm not sure what market you are in, but assuming it is a smaller one (i.e. not Des Moines) you have an opportunity to be a big fish in a small pond.My grandmother did that in a smaller Midwest town (began 70 years ago) and it worked out very well for her financially and in terms of lifestyle.  

I would ask to see the lease, and financials before going any further to make sure this is a money maker for whoever buys it.

They needed to show a court that they were trying to sell, and they simply denied all showings.

Make sure you have a decent CPA and use him/her to help you evaluate financials of apartment buildings etc. aside from just doing your taxes.

Oral agreements won't hold up in court.

This might go to civil court if she was taken advantage of?

As far as I know, series LLCs have never really been tested in court so it is still somewhat unclear on how they will hold up but the idea was that each would be completely separate.Important note: In Texas, you have to set up your LLC as a series when you do your initial filing.

When the crash came, I predicted on FB that by the time this was over, the Greeks would be kissing the whips of their financial overlords after each beating and congratulating each other on having the wisdom to submit to such masterful masters.

@Simon Yosepov I can share with you a few local lenders that are investor friendly as long as you live in the US and you have strong financials then you can most likely get a loan.

There’s not a whole lot of background information in your post (financial situation?