Furthermore, if the seller or buyer were to come after anyone I would be liable, I wouldn't be properly protected, put my company at risk, and Zip forms are proprietary documents with an intended use, and the California Association of Realtors could come down on me for improperly using their documents.

That's a lot of risk to take for 30 years.So, commercial lenders will set 5/10/15/20/25/30 year lending periods on a loan. the interest is amortized as if it was a 30 year loan.

You're busy, "cheap" midwest houses are not what you want, invest in quality product (A/B neighborhoods), this will reduce your risk.

The risk though is that influx of inventory could decrease demand in the area if there is no influx of people wanting to live there.Neighborhood wise, I think it could help bring money into the city with all the retail space but as far as population makeup I think that's definitely a preference.

If you qualify anyway, you would probably be better off just getting conventional loan in your own name.Another concern is that co-borrowing with an LLC could be the equivalent of co-mingling funds, so you run the risk of making the LLC useless anyway. 

There are so many risks to mention in one email.

No is low risk, yes is always a risk I try to mitigate.Separation in business decisions is essencial in my opinion.

I would say it's a high risk / high reward play.

You can find value but if you are only buying one property you increase your risk. 

There are alternate options that are more expensive and higher risk but not reliable.