I didn't know about this until seeing a youtube video of an investor mentioning rental autodraft which led me to this BP topic.

As much as wireless is touted as a great solution, wired is still preferred due to packet loss with wireless particularly with video.

Don, here is a youtube video of it. http://www.youtube.com/watch?

As noted above, some states do not allow the formation of a single member LLC at all.

Now, I'm going through my thought process to arrive at a conclusion, my conclusion BTW.Debts in the name of the LLC made prior to the formation of an LLC are not protected by the limited liability nature of the company.

If at all possible, take video of the inside of each unit.

Maybe you could take a video with your phone and post it on the forums for suggestions.They say a "picture is worth a thousand words" for a reason.

Whether I am licensed or not, I would buy it sub2, get the deed, see an attorney, and video the seller as to knowing the risks of the due on sale clause.Then I have options as to rent it, lease 2 own, or sell it.

If you're going to do a video, then don't use a camera from 1970.All investors look at different criteria.

or a ROFR.Now find a real estate attorney that works with multi family.Understand Dodd Frank with owner financing.On my bog there is a video on sandwiches. http://www.biggerpockets.com/blogs/3-reiskills-and...