Since the properties are based in CA I will have to register the WY LLC in CA which will expose my ownership and thus I will have a member manager trust that will be the owner of the LLC.My question is who should I make the trustee of the land trusts?

May you also recommend the right questions to be asking these companies? 

- Tenant application and screening reports, background check, etc- Unit walkthroughs- Inspection by quality inspectorFew questions I have are, whats your thoughts on:  1) Rent estoppal letters from tenents? 

I'm embarrassed to ask this question but the hell with it, I'm pocketing my stupid ego.

Best of luck with your fund, and feel free to reach out if you have more questions!

Hi @Margaret Dreesen - Sorry to hear about your late husband.This is an interesting question that I believe has been answered already...NO you can NOT use the security deposit to fix the door....especially here in Chicago.Maybe see if they would split the cost with you? 

If anyone has questions on Obie, feel free to send them my way.

For all questions below, it is assumed I am the buyer, who wants to assume the seller's loan and take the title of their properties. 

Quote from @Michael Smythe: Guessing that "GC License" more or less equals "Builder License".Then, yes you have to be licensed to pull required permits to develop a property you will not be owner-occupying.Did you read the  question. 

Question:  If you still go with the buyer that put the memorandum on the property, do they have to honor the price of the original contract that they put the memorandum on?