But if you are trying to get sub2 with seller financing and go all in with no money in the deal, as I mention your chance of failure is significantly greater. 

@James Carlson I bought the policy through a brokerage that specialized in high-risk properties and businesses (like bars).

What is you opinion on setting up LLC and other aspects of this business first.

This is the nature of the business, you are not doing anything wrong from what I am seeing.

You run a business not a charity.2.

Their situation was a little specific as they lived in and operated a business out of their home so they signed up for a NNN lease, and the property was dual zoned residential and commercial so we were able to maximize their value.  

I have a two duplex new construction project that I'm running personally and its really simple if you know the business.

For part of my graduation project for senior year, I have to partner with a business and provide a service to them that will in turn grow their company.

Over the past year I have begun developing a new way of carrying out my business and that is by finding off market gems! 

Hello,We are in the process of setting up our LLC and are hoping to get some pointers on good local banks for small businesses.