What I have been reading about real estate investing is that putting together a team is important.In selecting the members how far do you go in meeting them?

The mother was complacent and was not effectively addressing the issue with her children.

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If not, I would demand a substantial discount because you have to assume the units that weren't viewed are in worse shape (I've done this before on a package of houses, one of the things I did was ask to select which houses we viewed, thereby making it random and more likely to be a representative sample than if the seller had picked).

I would use the CPA to select the best business entity for your purposes and to lay out all the steps that need to be done (people often forget "small" things such as requesting an EIN from the IRS) but you can do the actual paperwork and filing yourself.

Why not just have the lease effective from the 3rd?

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Good question as to population.Demographics effects value and marketing time. 

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