You need an agent who’s more than just a salesperson—someone who truly cares, understands your needs as an investor, and knows how to balance deductibles when to insure, and when it’s not worth the cost.

He mentioned in his post how he spoke with three law firms and none of them agreed with his asset protection approach and was looking for referrals for someone who would agree with his strategy.

How did you finance this deal?

Consult a CPA who knows what he is doing and file this:  Notice of Inconsistent Treatment I have done this several times for investors who got screwed by the GP. 

Even though the syndication route will allow for you to invest passively, you still need to know how to vet a sponsor, pick a market, align your interests with the sponsor, and underwrite the deal.Gino

They're both conventional loans; similar loan term lengths.1) Any ideas on how I would structure this?

How do you know they don't plan to move?

I have lived in Memphis all my life but do not know if this is the market I want to pursue.

How did you find this deal and how did you negotiate it?

Local Regulations: How do local landlord-tenant laws, rent control policies, or other regulations affect investment profitability?