That way if you have a move out or some expense you have the cash on hand to make those medium cost repairs without contributing money out of pocket. 

Hey, first of all want to say thank you to everyone who contributes on here, it makes starting out a little bit easier.

The GA attorney said, "We can do either actually - because you are both the buyer and the seller I don’t see any meaningful difference between the two options." 

I highly doubt the DC market is going to see too much in terms of a correction; there's a fair amount of money and the stimulus+forbearance, as well as the fact that the DC area has managed the coronavirus situation pretty well, contribute to the likelihood that property values won't sink too much, and very well could continue trending upwards.In the end, you're looking to buy and hold, so as long as the numbers work, you should be fine, even if property values dip a bit.

Two members contributing $25,000 apiece would each receive a 50 percent stake in the company.

Will what you are writing on your body at 17 always be meaningful, even when you're 88 years old?

It seems to me that the utilities are unable to be turned on at this point therefore making a meaningful housing inspection impossible along with any chance of me renegotiating the purchase price with the bank or getting an accurate repair estimate for my renovation loan. 

You may miss out on a lower rate, DPA, seller contribution to closing towards costs, Principal payment towards the real valuation of the home protecting your equity position. 

You want to focus on one area so that you're familiar with the area and so that you have meaningful relationships with brokers, property managers, and other professionals that will ultimately lead to you getting better deals and better information.2.

The valuation of the property in the LLC is a RE appraisal question contributing to the overall LLC value.