Makes a lot more sense now.

One partner has proposed the following and I want to make sure that from legal and tax perspectives it all makes sense and is legit.. 1.Form an LLC where three partners would each have 1/3rd interest.2.Transfer the property (title) to the LLC via quit claim deed for some price/consideration3.He would buy our shares/interest in LLC so he ends up with 100% ownership4.Mortgage would continue in my name and I would remain the Garantor (he will pay me some fee each year to keep it in my name).

It is very common for units without separate utilities to have heat controls in only one unit.

Prices seem to still be affordable and the numbers makes sense.  

I feel like other investors are paying way to much for the properties and the numbers don't make sense.   

I think it could be a great idea and a good wealth-building strategy to get an equity stake as opposed to a one-time fee when wholesaling, at least on deals where it makes sense to do so.

I know all the big investors and pros are only looking for the slam dunks but for us little investors we are just trying to look for deals that make sense to us and we'll work to make it work!  

Ground rents are common in the City and County, have existed for 200+ years, and are accepted in the market.

I just understand I was sharing it in a sense.  

It's fairly common for owners to list the wrong mailing address (intentionally or unintentionally).I've even seen vacant lands list vacant lands as the mailing address . . .