It's all about the guarantor on the lease, experience in that chosen industry, a track record of success, liquidity and net worth of the guarantor, and how easily attachable the assets are if something goes wrong.For instance I would never front money for tenant improvements on a business that is not a proven performer.

If it is an IRA LLC, are you saying that you can control and make decisions without third party approval, paperwork, or fees?

Past performance is no guarantee of future performance, nor a good indicator of what the property is worth.

My wife and I are on our third mortgage, two of which are rental properties.  

The option can {many would say, should} contain the future Agreement of Purchase and Sale (APS), with all the terms and conditions of the future sale, laid out, as a Schedule to the Option agreement/contract.In exchange for the right to purchase the property at the {strike} price established by the option contract, an option fee is paid by the purchaser of the option to the writer/provider of the option.I would keep the two agreements separate (as if they are with two different people) and have no performance ties between them (i.e. no rent credits, no financing of the down payment, etc).  

Overall the numbers look very good for when you move out, put it under management and get a third renter in there.

At a minimum the listing agent is performing unethically by putting this on the MLS.

Just a few questions about offering someone seller financing:When you see the ad, what's the first, second and third thing you do?

Last year I started my own investment company with the goal of buying residential and commercial real estate through non-performing notes to build a portfolio of short and long term investments. 

PLLC is an option for anyone who has a license to perform a service (lawyers, real estate agents, ect.)