It says nothing about how friendly or unfriendly the landlord-tenant laws are, how favorable the tax system is, nor does it say anything about the quality of the renter pool.  

Do not give him any new information or make any judgements which may favor or encourage hm.  

Dave, did a bit more reading, and it actually looks very favorable against the TIC option, and even better asset protection than the typical LLC setup.  

That generally elicits a favorable response.  

The rates and terms aren't as favorable as a conventional loan in most cases however you'll be able to get as many as make sense financially. 

Sometimes I'll throw a little more in there and sometimes I have to cash in a favor with a tighter budget.

Usually the owner will set the terms but it never hurts to ask for terms that are favorable to you first. 

Seems like favors were done to certain owners a long time ago.

Indiana Indiana’s rental laws definitely favor landlords rather than tenants.

@Thomas Veal , for what it's worth, in reading Garrett Sutton's book "Start Your own Corporation" he is not in favor of series LLCs mainly because, per his report, they have never been "tested" so he wouldn't count on them providing the same type of asset protection as multiple separate LLCs.Beyond that, search BP for asset protection... you'll find people strongly in the camp of utilizing LLCs and many people strongly against them stating you should just have a large umbrella insurance policy.