This will create a Tenancy in Common that gives each of you a 50% ownership in the property. 

This wiring is rated to 60C cannot handle the level of heat created my many modern (pre LED) fixtures ... most notably pot lights and halogen fixtures.  

When the professor establishes a long term NNN lease with the old tired landlord, the landlord retain "fee simple" interest, and the professor creates an "equitable interest".

I define critical mass as: "Enough free cash flow to handle all my financial needs in life, create abundance, AND be able to actively expand my business or invest in new ideas as I see fit."

They also did not want to create a mortgage under an LLC.

AJ Harris I am able to save about 20-30k a year and with that you can buy a turnkey rental (not the greatest thing) but that will create a few hundred dollars of cashflow a year.

It was very reasonable and they have plenty of templates or you can create your own.

If you’re looking to create a group to pool money and then buy deals, that would be more difficult then if you just wanted to have a group to meet up and discuss REI

——————I’ve purchased hundreds of multifamily doors and have interviewed dozens of other apartment investors on my podcast and will attempt to share some of what I’ve learned over the past 10 years:1) Loopnet has some great opportunities hidden within that junk. 2) you need to underwrite about a hundred opportunities to find one that truly works anyway so don’t be afraid of Loopnet3) commercial brokers are a great way to start but if you’re new... they are only going to give you garbage... no better than Loopnet 4) is recommend if you went the route of brokers that you’d want to have 3 brokers per sub market and you’d want to contact each of them often.5) nothing is “gigantic out of range” everything is obtainable via strategic partnerships6) quirky is often a good thing.7) simple uniform properties will be the most difficult to find in this current market, you may want to consider the ones that take creativity and time... again this can be more easily done via strategic partnerships8) being too busy isn’t necessarily an issue if you utilize a strategic partnership that can create a win win.Hope this helps?

So if the buyer does not want title insurance, I should create a deed and close at the bank doing the escrow?