@Nicholas Glatter - Usually if there are foundation issues or anything that jeopardizes the safety of the tenants, I am out.

[So far the only benefit is we've see appreciation and someone is essentially paying our mortgage.

Essentially, I am creating my own portfolio HELOC. 

Essential Title in Standale, hands down!

I know VERY FEW lenders -- and essentially no professional lenders -- who are willing to finance 100% of purchase and rehab costs these days.  

This is going to be the easiest way for him to be out from under the treachers of landlording, and this would be the easiest way for you to essentially assume his loan, and have control of the house. 

It could mean your safety as well as your other roommates.Feel free to call or email me.Brent

Essentially, I want to buy a multi family building from a friend who has owned the property for many years.

Operating agreements are essentially contracts between the members of LLCs outlining the structure of the business, including - for our purposes - the business’s tax structure.

You are essentially betting on the US economy.Obviously, if you see another Mar 2009 scenario IN ANY MARKET, and develop conviction, go in with everything you have got :)