If the investor/partner doesn't know you well, how does he know which group you'll fall into?

The "it depends" is the only correct answer, so you're 100% correct, but the problem is that I have to place an option bid and the price I'm willing to offer stands or falls based in very gross estimates on how much the work is going to cost me.The thing is this: I might get it at 350 USD/sqft and these apartments sell for an easy 650 USD/sqft.

Another con of an LLC is that you can not represent the LLC in court even for something as simple as an eviction.After reading on these a lot I am still not convinced a lawyer can not simply "pierce the veil" and sue the "member" directly in something like a negligent slip and fall etc.

It sure seems to be that the balcony is "exclusive use" and that the maintenance falls under the homeowner not the association.

If, on the other hand, you've scraped together every last personal penny you have, and are just falling shy of the amount needed, so are using your IRA funds to bridge that gap, then it would be considered enabling.If enabling is a non-issue, there are a couple of other things to keep in mind:  First, expenses generated by the property must be paid proportional to ownership.  

Some areas damaged meters fall on whom ever the bill is in and they have to pay for damaged meter and if it happens again they also raise the deposit way up if I think awhile I could recall several other ideas I used the cigarettes and several bottles of booze method to get someone to convince a few to leave for greener pastures.

If so, wouldn't that fall under ethics?

All RE is local.Then, strategies will fall in place and you'll have a clearer understanding of how and why.RE financing is the key to the door of RE.

The bank hasn't countered nor accepted my offer, just sitting idle.OK now on to why the previous offers kept falling apart...the property has a 310K lien by the city - and this amount is growing every day by $300.

Similarly, the services have to be legitimate: light-leaver-onner and toy-strewer will not fly.So, in short, you can pay your child whatever is reasonable and standard for the services performed, and those services must be legitimate and fall within the guidelines as laid out by state and federal child labor laws.