Hello Russell, I didn't come out and exactly say I'd be willing to pay them as I wasn't sure if that was appropriate or not. 

They must get appropriate docs from you before they will share information with you. 

I'm practically new to this forum based website, but I see how one can take advantage of it to gain some knowledge. So as a general question to all, where do you guys go to get your legal documents such as Agreement t...

However, a nonattorney does engage in the unauthorized practice of law when he/she tailors a legal document by selecting the appropriate form document for completion.

If you are aware of the appropriate way to underwrite in these markets and are making smart buying decisions, I'm still of the belief that all these SE markets can present good opportunities. 

@Ryan Heywood, There was some possibility that a 1031 would have been appropriate.  

You can make money in RE in any market and any point in the cycle ... the key is choosing the appropriate strategy.

But unless you have some serious net worth, I do not feel like an LLC would be an appropriate choice for you if this is your first investment property.  

It's a terrible investment unless you have reason to believe your market is going to go way up.Don't ever buy a property thinking you "might rent it to students in the future" -- if you're going to rent to students, be aware that you're renting to students, and design it appropriately (for example, expensive fixtures are generally a bad idea in a student rental).

The goals:  To rehabilitate a 12 unit multifamily in central Maine (fully occupied ~$45K net/year)I plan to hold, currently appraises for $400K,  no debtMunicipality is interested in lending up to $250k for rehabDecent credit, several banks said "easy" to $200k mortgage  To refinance the debt/mortgages (~$100K+) of a dying a family member (Bob)I am not completely aware of all of Bob's debts/legal issues and they will be numerous (cursory title exams reveal debt roughly 1/10 of conservative valuation of assets)Several properties are income bearing, or could be income bearing (max gross of ~$4,400/mo within 6 months)Place the remaining assets (after debt payoff) into a trust for the heirs to split.I several options/ways to go about doing something like this.