So you need to stop by city hall, find out who the authority is for legal usage issues of a property (could be zoning dept, building dept, tax assessor etc. - anyone but the Realtor - trust me) and find out what the legal usage of the property is.The legal usage is also usually determined during the CO process.If you have a legal 2 family (regardless of the zone, the city says that the property legally conforms to their requirements), then you shouldn't have to rip out anything.

You can tweak the distance and sale time a little to get to the most homogenous set of assets possible.

Will you liquidate the asset in 2 years?

Did you call the author of the article, to see if his company can do it?

Well since I’ve been in deep thought on putting rentals in LLCs and asset protection past few days on Ali’s blog (thanks Ali) I would propose the first thing to do would be to identify and rectify any mechanical or electrical hazard issues.

I have 5M in liquid assets, and over the next 3 years I want to purchase 10 run down apartment complexes.

If assets need to be verified, can just anyone who thinks they can do so, are they really qualified to audit statements, verify assets under dual control and limited access, do you know what assets are excluded?

The buyer must produce some form of unencumbered personal assets to guarantee the loan amount.

Your income, assets, credit, collateral, business knowledge in that area, education and abilities to chew what you bite off.

I'm thinking that acquiring and managing our first few rentals (building experience and cash flow) will serve as an additional asset for the second wave of acquisitions (that may require more creative financing).I am committed to getting involved on the forums and asking some of the questions that keep me up at night, so here's the first one:Is there any benefit to us NOT being married when we start buying?