This property meets the requirements of Sections 1947.12 (d)(5) and 1946.2 (e)(8) of the Civil Code and the owner is not any of the following: (1) a real estate investment trust, as defined by Section 856 of the Internal Revenue Code; (2) a corporation; or (3) a limited liability company in which at least one member is a corporation.”I'm not a trust expert but I'm pretty sure a land trust is not a real estate investment trust (REIT), and I'm assuming your LLC is not owned by a corporation ... therefore it's exempt.

Using real world comps & calendars from your personal experience, local PM's, online estimators.

My question is, does his partners mother have any liability since they are essentially tenants and don’t own the house they are living in?

Hopefully, one day I will be able to contribute back to BP with my knowledge and experience.

Anyone with experience, please advise.Thanks in advance.

I have experience working with out of state investors and am transparent and fair with pricing.

We have discussed Sellers Financing with a 2-3 year balloon, i just don't like all the liability being on me and it not being though a bank and just a contract, if god forbid something happens to be at the end of the balloon ,then my family would be in a pickle they couldn't just sell the building to help with the financial burden, and would have no use for the building if I'm not there working.

Likely to get quicker gain, but without experience and low money down, your risk will shoot up exponentially.

Really looking to connect with locals about their experiences, get their advice, and hopefully find a mentor that can help me out.

Anyone with experience have any thoughts?