:help: :help: :help: 485 sq ft Studio in apartment turned condo, in community that rents at around 95% occupancybuilt 1983, updated in 20031/4 mile from Palms CasinoSales price 110K, 10% down required11K cashback at closing, if financing is done through preferred lender (covers 10% downpayment)Management takes care of all internal repairsCurrent tenant renting at 605/month, on lease through 3/1/08Developer offering leaseback of 770/month + no HOA fees or Mgmt fees for 2 years (guaranteed to net profit $90 per month after taxes for 2 years)After 2 years, owner receives whatever property rents for, plus is put in a "Shared Rental Pool": a quarterly check of [Going Rent of all comparable studios in community]X[% Occupied in community]-[losses/improvements of the community].

I received good tip in paying down my debt and I am doing that as we speak.

So far I've received three calls.

It's a good thing I did because the Realtor told me if I hadn't I probably would have never received an offer.It took about 2 1/2 mos to get all the work done.

Why spend money when you do not know what you have received in return.

Tell us more about the feedback you are receiving.

No, you will not receive the same rates in the commercial side as you do on the consumer side, but that is the price of growing and success, as you said!

Now the repairs estimate I received from several contractors all at or around $20k.

If you are buying FSBO then you can explain how they are saving money, etc so the net number they would have received if listed is similar to the number you are offering.

Granted the liability protection of a series LLC has not been test (too new) so how much added value you receive is to be debated.As a general word of caution.