Consult a Texas Real Estate Lawyer.

Unfortunately the lawyer is unresponsive and doesn't seem to be doing his job to the level that we would expect.Our plan now is to try and look for a new lawyer.

Would a real estate lawyer be the person to go through who can help figure out the financials?

I recently closed on a property where I inherited tenants and my lawyer is very adamant that I return all the security deposit to the tenants asap.  

Document your member profit distributions.I met an accountant lawyer recently who suggests filing a separate LLC return as a partnership (1065 k1) instead of on a pass through schedule c or e.

Insurance is 4.5%, so the final price is 1.145 M and there are extra 30k in expenses such as lawyer, inspection and taxes.Here is the deal.

If you really like your lawyer, please add them! 

George Sleweon A good accountant and lawyer would come out to much less, and you get the added benefit of building a relationship for your future accounting/legal needs.

Rate, pre-payment penalty, simple or compound interest, minimum/maximum loan term, fees, payout split, foreclosure process, insurance and beneficiary...Personally, I would ONLY do it through the company name unless it's a good friend/family and someone you can trust.I would also get a lawyer involved to draw up the contract if the partner doesn't have one already.

To your point, lawyers don't get any cheaper because of the asset price either.