It is super helpful to be to discuss such items on this forum and know I am not the only one learning the options that exist

The Sellers and Seller's agent is claiming that none of these were damages from them or that they are pre-existing. 

But existing housing stock? 

We did this through syndication, which is a word I didn't even realized existed a couple of years ago when I started listening to BP. 

We have properties that have machines that we own in our laundry rooms as well as properties that have machines from a vendor.It comes down to whether you have an existing contract in place (these tend to be long term - 10yrs and often inherited) , how much use/income you anticipate and whether you are willing to take on the maintenance of the machines.For in-unit machines, you can buy and rent them out to the tenants or you can partner with other vendors who will do a revenue share.Hope that helps.

The problem occurs when I mislead the seller into thinking I am going to purchase the property myself when all I really want is the option part of the purchase contract and an opportunity to try and find a real buyer at a higher price.The whole reason this exists is the way real property is transacted in the United States.

Or do you typically keep the existing staff on at the complex, provided it’s performing?

Typically this means they will take longer to close, may not have all the information of the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.

Typically this means they will take longer to close, may not have all the information of the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.

Would transferring existing properties to new LLCs give each a fresh insurance history and keep them separate from other policies in case of future claims as well?