Ok, I have a unique on that I feel trumps them all as of yet;Power maniac nazi cities who confiscate rental property (yes, that is correct, confiscate, as in take it from you without paying for it) for the actions made by the tenants, regardless if there inherited tenants contractually forced upon you by the same city, who refused you evicting them FOR THE SAME REASONS!

I wish I could better verbalize what is going on in North Dakota because it is unique.

My Question: How do we stretch our investment dollars the furthest?

I know that it is best for someone else to manage them, however I am trying to weigh it out ....stretch my funds in other words.

This is a unique business in that you actually get to choose who you are doing business with!

Then again, someone can state one purpose when booking, but then come to find out, the real purpose was something completely different.Could it work, Oh I believe it could, no doubt.What we have is a unique property that I'm sure would have the potential to become a successful and sought after rental.What would it take to market the property properly, that I can't say.

I am getting conflicting advice (from RE attorneys) on how to structure the ownership of this deal. I would greatly appreciate any advice you pros can offer (I understand it's not legal advice.)

Here's the situation:...

If the house you're considering is a unique property, an appraiser will have a tough time determining a value, too.

I may be in a unique area, but a major factor I use now in my evaluations I coined "market vectoring".

What I have unique here I think is we have a major major regional bank, who dominated in mortgages, and is on the verge of insolvency.