You can sign a bare trust at the lawyers for a few hundred bucks to be secure.Unfortunately, if your name is on title, then you need to service the debt. 

Currently I have 8k auto debt which I could pay off whenever.  

I mainly do buy and hold and have been focusing on multifamily properties. 

I would file the federal tax return mainly for the ECI declaration and to submit the city return which is mandatory anyway.

.- I do this often, mainly to build a relationship with the listing agent, never had one take me up;  offer $500 bonus to the listing agent, and that she gets the full 6%. 

The part that we are struggling with is determining the best way to pay off the debt and get the units under traditional financing after they have their occupancy permit and are rented. 

Price, area or something about the property are the main factors. 

I know with rental properties, one of the main goals is the build long term equity in that home with some extra net cash flow after all expenses and savings.

I had same opportunity, but didn't take it as the floor commercial will be the main source of income , it was too small for any popular to lease it , and franchises makes 60% percent of all businesses

The main thing is to have strong cash reserves in place and to have long outlooks/multiple exit strategies in place on deals.