That makes sense.

If I'm buying a property from a realtor how can I determine the numbers make sense all around.

LLCs should be setup where they are legally doing business (which may or may not be where you reside).The comment about setting up a Domestic LLC in Mass. and then registering as a Foreign LLC in RI makes no sense.

Still, you have to do what makes sense for you.  

Quang, I feel your pain and frustration, but also your desire and sense of passion. 

I want to live in the property as my primary residence for a few years, but although it will be my primary residence it's also an investment so to me the numbers must make sense.

Sense Richardson submarket is gentrifying and clearly a better place than in 2008, it gives you more comfort that you will be able to manage through a downturn.If you are looking at a syndication deal, the experienced operators should provide a sensitivity analysis to rent, occupancy and interest rates if they are using a variable rate model.  

I want to look thought other school and see if this is a common thing, but has anyone else looked though these?

I sent a follow up text asking for the buyer's name, proof of funds. and email so I can send the agreement first if he's planning to double close.My main question is, Is this a common way of being approached by buyers, or every buyer has their own way?

In a more general sense just getting started is the biggest hurdle.