I've changed my risk profile and instead of $250.

Does that change the taxation and deductions any different than the above scenario, in our own names?

I have been looking around Bergen and Passaic Co. there some deals, but it seems that they go fast.

Assuming your mortgage is non-assumable, they bank has the option to call the loan due upon change of title.  

. ;-) Also, I think the market is changing (I know a lot of people don't agree with me and that is fine) and those techniques are ideal when the market changes, I always react "contrarian" to the market and I've made a lot of money doing so.I don't think that it is that people don't agree with you - it is that we don't believe you. 

You can always start out with multiple LLCs and then change your position as time goes on.

Some agents look at the zoning and advice their clients about changing zoning but they don't have to disclose that to all the parties in the transaction - only to their client.Anyway, there are plenty agents, who start from some experience in RE and still learn a lot about industry once they start helping other people.

Currently run as two units with the owner running his nonprofit in one unit and his convenience/grocery store in the next unit.He wants out of the property fast due to repeated armed robberies over the 20 years of ownership as well as overnight break ins requiring complete remodel of the front face of the building.

So you want to get pre qualed before you start.. you want to make sure you have Capacity as @Bryan Otteson states you may have to pay the short term loan off in cash if you can't refi or you may need to add a significant amount of cash to the transaction to meet a much lower LTV that a lender may be looking for if appraisal comes in light or terms change..

That will change the title to the LLC, but you are still personally named on the mortgage.