I'd suggest putting all your efforts into acquiring the property as quickly as possible and worry less about entity structure until it's really necessary.Entity structures (LLC, Incorp, etc.) are asset protection not a tax strategy just fyi.

I am very familiar with the process for acquiring and analyzing an existing structure but have no experience building something from the ground up. 

Also seller is not interested in Delaware Statutory Trusts at this time.Additionally, cost of structuring and servicing the note are of interest.Since I am not able to give advice on taxes and legal matters, I thought I would reach out here.Thanks in advanceMattDRE 02100289

The structure itself would be unable to be leveraged for future investment but would add value to our primary residence. 

I'm aware of the pass-through structure and how it might work, but I'm curious: How many of you other BP realtors are using this tax structure, and at what level of income would you consider it to be advantageous?

We have looked at structuring the partnership as an LLC but our mortgage broker is telling us that this will prevent us from getting a mortgage or at a minimum result in a higher interest rate.

Unfortunately, most Sellers don't have a clue, they structure deals that are far more favorable to the Buyer, and they lose money when the potential Buyer walks away (over 80% of the time).If you're a seller, forget it and move on.

https://www.warreninspect.com/Warren Engineering is one of the largest inspection companies in town.I've also heard of Comfort Living Home Inspections, Kevin White. p. 585-802-6386I know someone with expertise in structural inspections and design if you ever need that specialty.

May answer as to what you need to know before you make an offer is basically "everything" with the exception of less than obvious defects to the structure or situations that need environmental testing.

Tenant ObligationsOne advantage of investing in retail properties is that tenants are typically responsible for their leased premises, and the landlord handles everything outside of the tenant’s walls, typically including the roof and structure.