Most new investors thing that they need LLCs - Brandon Turner has made a video that explains the subject: videoFirst try to anser this question: risk of what exactly?

For example, if you’re trying to buy real estate creatively using seller financing or subject to or maybe lease option you would want to find out whether that Attorney has had experience in those areas.

The subject is a ranch and he had a house on there that was a bilevel completely outdated that sold a year ago!

Good for outlining what to do but, as said above, doesn't help you get a deal in a fast market like Dallas.

I am working with a seller interested in subject 2 or a lease option for their property.

Instead it will be based totally on subject property cash flow and your FICO.  

Analyzing a subject to deal in a small central Texas town.

I work with and educate clients purchasing distressed properties not only on the black and white legal issues, but the risk/reward--if they are bidding on an auction post sheriff sale, and subject to redemption, you NEED to know if you pay auction buyer premiums, etc. and the property is redeemed, it is possible you lose money in the process.  

Hi @Michael Downs - We could talk about this subject all night.

I think this subject is relevant for starters like me so here it is: is it a good idea to turn a single-family home into a duplex or triplex?