I also, due to the advice from the podcasts, began establishing a relationship with a lender at a local bank.

Once that is established, how should I or do I purchase the home?

We are looking for multi-families in the greater Madison area, but would like to finance through an already established LLC.Thanks,Brandon

I feel it is very important to establish guidelines and to extend the same rights to other tenants.

It's been working for me:week 1 - Set up your businessweek 2 - Create a marketing plan for your target marketweek 3 - Establish your farm areaweek 4 - Set up your teamweek 5 - Decide on purchase / exit strategy and creative financialweek 6 - Determine your investing preferenceweek 7 - Consider your funding optionsweek 8 - Commit to your goals and support 

This assumes it is a typical “C” office building commonly sold on contract.If you have an A or B type building that cash flows with other strong tenants and has good property management with a solid documented pay history and personal guarantee from the attorney/borrower who has an established practice and great credit, you would get a lot more.

@Vida Novak  survey property to establish if you really have a problem  if its just two city lots and the house faces them.. then I highly doubt access or easement to the property is an issue.In most jurisictions the house is grandfathered in and unless your getting an Alta policy of title insurance.. a CLTA will suffice.. its the owner of the remaining lot that is fubared in this instance.. city will not make you move house or anything else like that.I bought a tax sale parcel once in CA. and the neighboring house was half way on to my lot.. we did have to have a trier of fact make a ruling and all he made them do was pay me fair market value for the lot..  

A very successful investor in Auckland, NZ gave me an offer to help me establish myself. 

I therefore believe the technology to be established and the units to reliable.  

Best I heard was to establish your screening criteria and stick to it.