For outside asset protection our law team recommended an S-corp be formed to stand as general partner and investor(s) as limited parteners.

In my personal experience I've called the asset manager to explain that I have a buyer who qualifies for a little bit les than the 10-15% net and they have told me that they will reduce the price to match my buyer's pre-qualification so that the offer can be approved.

Placing the asset in the LLC may (or may not depending on your state an other factors) protect your personal assets from being charged in the event someone sues you from something that happened at or around your property.

But you can't finance the option unless it's a commercial deal.If you start getting involved in long term (greater than a year) deals that can't cover costs of acquisition and disposing of the asset and netting you at least 5K with nothing in it, you're wasting your time IMO.

My day job is Avionics Software Engineer, so I am trying to learn how one evaluates such commercial properties and how one obtains factual information to based investment decision on such class of properties.The broker who proposed this purchase provided nice graphs with comparable curves of average vs. the property metrics, such as prices per sq.ft, vacancy, price per unit etc.However, the report is missing correlation to a specific properties the comparison is based on.Am I being unreasonable by asking comp information that is customary for SFR and low count multi?

I'm typically analyzing larger multifamily assets at my job and see economies of scale that can be realized with larger properties.

Make sure you don't by an expensive software program to do this.There are products sold based on saving mortgage payers thousands of dollars.All you have to do is what Steve said above...and it is free!

We use the same MLS software and last night I got the same thing.I have several saved searches/auto emails setup so I can know when certain things come on and off the market and last night the system deactivated every search I had because it responded with more than 400+ listings for each search all at once; which I guess is too much for the system to handle.I went back in this morning and manually checked and reset it, wasn't legit.

The availability of private money loans and other forms of fast cash allowed the buyers of these assets to take advantage of unique and fleeting opportunities.

I list homes for Fannie Mae, Bank of America, Chase, and several other banks and asset management companies.