My opinion is to 100% forget about the price per square foot.....Instead:Find out what the rents are for those units (rent comps from an agent other than the selling agent) and work from that.

With my clients I highlight the good, the bad and the ugly and offer my opinion of the property and whether it would be a good rental and also look at exit strategy further down the line.  

Any thoughts or opinions would be greatly appreciated! 

If you happen to find something and want a secondary opinion, let me know.

I want to make sure my assets are protected so I would like to know some opinions on what types of insurance I should have and when it makes sense to transition to a LLC because I currently own the properties personally.

I would love insight, help, thoughts, opinions, do's and don'ts ideas!

I guess it’s hard to ask opinions if others aren’t familiar with area.

So I am wondering if this is a legitimate asset protection strategy and would highly value any mortgage lenders or attorneys opinions. 

Yes, you need to tweak your strategies some but money is there to be made always, and in my opinion, I have always made more money in down markets. 

Perhaps Forbes should've just sent a survey out for opinions from their Forbes 400 list since many of them are RE investors and arguably all of them should have some state/national macroeconomic awareness.