Each business has its own unique legal challenges.2.

The LLC is a "pass through" entity and is great for holding rental properties.Keep in mind that I am not an attorney so you should seek legal advice for confirmation.

Is there any precedent for this type of situation or legal right?

On a side note, I currently won't rent to pet owners becuase I know that no matter how careful you are, sooner or later your pet has an accident.

FLFlipper, what happens if your buyer doesn't show up at the double closing (heart attack, traffic accident, changed mind, simply late, etc., etc. ) do you have a backup plan?

title=Special%3ASearch&search=covenant+deed&ns0=1&fulltext=SearchA real covenant is a legal obligation imposed in a deed by the seller upon the buyer of real estate to do or not to do something. ...A general warranty deed is a type of deed where the grantor (seller) guarantees ...

You can look at what similar buildings went for via the price per square, but it's true valuation stems from the NOI (Net operating income).If the gross rents are $3k monthly and the lease is a NNN, then your only expenses are accounting, legal, administartive, entity formation, and PM if you choose to use one.Assuming the total operating expenses come to 20%, your NOI= $28,800If the going cap rate in that area is 10%, then the value is $288,000If the going cap rate is 12%, then the value is $240,000.$3 per square NNN for industrial is pretty cheap, although I am not familiar with your area rates.

Good Evening Everyone, I have read alot back and forth on here about the legality etc of using a Subj To deal and how the banks will enforce the "Due On" clause if you try to do these deals.I have a question, I heard something tonight and just was trying to figure out if it was true or not.

My advice would be to speak with an attorney and discuss if you can form a partnership with your relative and create a legal situation to achieve your goals.If that is not the case, or if there is not enough time, then Jon's suggestion of a "Deed in Lieu" might be your best option.You made the mistake of jumping into a deal without securing your back end financing.

State fees are unavoidable no matter how anyone files their entities, and S&H must be charged to cover the costs for multiple UPS shipments (for tracking since these are legal docs) between MyCorp, the customer, and the state.For more detail on what *is* included at no charge (quite a bit): I posted a classified in here last week that gives the specifics and the link & phone# for more info.