I have a good friend who is a commercial property investor with his two brothers and they are setup in an LLP.

My brother is a grad school and wow, are they making a killing!

You must have fire separation, probably sprinklers, usually a door leading to the outside, a certain number of windows and escape routes etc.Many investors want to add something on the cheap and it is not in compliance with the city/county etc.

My brother in law is in TN.  

As an intro, here are some good/bad/interesting/boring (you decide) details about me:I started investing in real estate in early 2013 with my 4 brothers and my dad.  

See, that's a different mindset when a seller gets an offer full of escape clauses benefiting the buyer and then he/she gets my offer full of anti-escape clauses making sure they show up to sign the deed.So, my question to you: Do you create your own documents or do you rely on what others have done before you?

My brother in law has a friend that owns a property free and clear ,but doesnt live in it and would rather get cash for it instead of dealing with maintaining it.

The selling price is around $225,000.My brother and I would be on the application..My score is not great but his score is top tier and our debt/income is low.

My brother/partner and I got a property and rented it out.

Brother is selling to Nephew who is buying with fha loan, to live in one and rent out the other.