For cost segregation, does one need to enter building or specification from builder is sufficient ?

@Marissa Turrubiates, the answer depends on what an income you get now that you do not have an acquisition manager:If the income is low, the acquisition manager will not work for you even for 100% of the profit.If the income is sufficient to hire an acquisition manager then the acquisition manager will prefer to work for your salary.It will be difficult to find an acquisition manager who is willing to work for you for some interest.Those who work on a pure percentage, are mostly high-class specialists.

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

(Similarly, if you were to build a new 3 family you might find the same requirement - same idea.)I know one aspect to look at right off the bat, before you spend a lot of time and money, is whether the lot size is sufficient for the extra unit.

If the insurance wasn't sufficient, then they'd lose their shirts too. 

I agree that naming children as successor trustees alone is not sufficient to avoid reassessment. 

So, I'm looking to obtain an apartment complex that recently went back on the market, and I feel seller financing is my only option towards ownership at this point. On smaller properties (4 family) I've tried hard mon...

If you have good equity from purchase or you believe the value has increased sufficiently after the work completed, it could be an avenue to explore.

If you have each llc with sufficient capital, who knows exactly what that is, but for discussion, lets say $50,000 and insurance on top of that....ok, you are likely fine on the personal side...they just wipe out the llc....assuming of course they get judgement.

A note or a contract for deed off the internet or from a title company generally will not be sufficient.