Nothing is more difficult about lending to series LLC, have all your documents prepared, include an org chart with EIN, % ownership, personally guarantee the loan, any bank will work with a prepared investor.

The main concern at closing with the LLCs is that they are in good standing as the title company will request documentation of good standing before closing.

I am wondering if I see a house I want to put under contract, do I put it under contract by meeting up with the seller at the property and signing the document and then would I need to go there to take pictures of the property?

No documentation of expenses, a history of being poorly run.

Separately there are closing fees that may differ from market to market and are covered and documented in a meeting prior to allowing any access to inventory. 

AbelThere is no note to hold on an REO.More likely, the necessity for title prelim/search, document preparation,  and escrow processing ate up most of the time. 

We do our best to address every mistake we make though.Here are reasons we've heard from owners terminating their current PM and hiring us:1) Lack of timely communication. 2) Lack of documentation: - Monthly Owner Statements- Maintenance Invoices detailing costs3) Lack of timely eviction actions.- Taking over two right now where tenants haven't paid rent in 6 months and no evictions started!

I've read through many of the documents available on the Clark County websites but it's not the easiest to read/comprehend.

It is all new code and changing quickly so there are many CPA's that are confused about it and you don't want one of them advising you.Now for the good news, if you make it through the hoops AND your OZ investment is a home run, you will NEVER have to pay taxes on the new gains of the OZ investment itself.

They should be able to help you out, and possibly help the family sort out the documentation as well on clearing the two clouds on title. azlegalsmart.com