(Ensure the prorated rents, security deposits, other refundable, last months rents are included in closing documents).the additional LLC isn’t needed to manage cash flow unless you plan on becoming a property manager for third party people and that would be separate from the apartments LLC.An LLC doesn’t get extra tax benefits due to structuring.  

@Dale Miller if you get a commercial loan, the lender may allow the seller or a third party to finance all/part of the down payment with a second mortgage to the extent that the numbers still work so long as they get the first position.

The easy part is finding buyers, finding great deals on properties is the hard part and where you should focus the majority of your energy.

We've had a few interested parties but haven't actually posted the listing yet.

Quicker and more efficient way is to use 3rd party like CoStar or ListSource and pay for the list. 

Eventually, she realized that she was talking to real people, who were serious about making an offer that would benefit all parties.

The funny part is that i could see the argument for the younger crowd wanting this BUT they’re not buying houses like older generations did.

The contract says:Completion TimeA: The parties agree that time is of the essence and therefore the work to be performed under this contract shall be commenced on or before the 2nd day of March and shall be substantially completed on or before March 31st. 

I hope someone finds a loophole here--I still have two properties that have a 3rd party PM. 

Unless it is stipulated in the sale agreement that a third party will be doing the repairs, you should be able to complete the repairs yourself.