Especially once you have the property in your name, then you xfr it into the LLC and then the LLC gets the cash out refi... of course you'll pay a second set of fees for closing and transferring the title again, but it's worth it to establish a relationships with a commercial lender for your future deals.  

That amount gets netted against the debt as a baseline for establishing the deficiency amount so, the baseline net is $150M now in this example.

Never "trust" anyone in business until you are well researched or have an established relationship, that's common sense and run your own calculations... what you are willing to purchase is totally on you, along with what you charge as an assignment fee... though I think between 5-7% is pretty standard. 

Work to establish a bi-weekly rent schedule. 

These plans typically cost a bit more to establish due to the legal work, but in most cases will save you considerably over the long term.

@Benny Morfas In my opinion I would find someone that has boots on the ground and build a relationship with an established Contractor and Property management that has experience in that particular neighborhood.

I can not speak for them, but my understanding is that they are buying up current property management companies that are already established and letting them run as their own for a while before using scale and volume. 

@Wirley PierreAs long as you can realistically push rents or establish other income streams from the property, then that's what most people are looking for.  

Also I have a new partner on a property and will need an entity established. 

I am looking to start investing with my brothers and I wanted to know the best strategy in establishing the business.