That means it could have any number of structural or safety hazards.

You can't structure a foreclosure deal without knowing the fundamentals of wholesaling.

When I look to buy, I look at the structural integrity of the property (repair concern); I am interested in three things:  Age and condition of roof, AC units and the condition of Slab/floors.  

Probably at a loss.4 - If after 4 years (or at any time during the option period) you still want to buy it, you just exercise the option...and buy it.The LO gives you the most control, the best profit structure, and the lowest cost. 

My question is do I have to start a new LLC with each partner or is there an easier way to structure this?

Hoping to see if someone can tell me if master lease options are still common, do most investors look for owner financing or what other ways can you/have you structured deals with little or no money down.

Structurally it is solid and the exterior needs minimal work. 

Structurally it is solid and the exterior needs minimal work.

Ya it highly market specific to.. when in our area and much of the west were this is badly needed  permits to put any structure up on.. run 30 to 75k or more.. so in reality you can crane in an ADU and plop it on a lot plenty of those companies produce those from Container homes ( here is a good friend of mines company) www.relevantbuildings.com  by the time you even buy one of these and pay all the fee's and then the foundation and run utls etc. your going to be in it 200k at least.. 

It might just mean structuring higher LTC so you're not so out of pocket with a reimbursement structure.