You might get some recommendations of fine advisors if you are fine with them being located outside NY.A suggestion is to pick someone who has a number of RE investor clients.John Corey

Sometimes called a contingent title commitment.For the most part checking the county records is fine.

If you are going to step in and make the payments when the tenant does not then fine.

They have been around for 30 or so years and there are many fine ARM products out there.

I assume you are fine with NOI calculations.Lets agree to not use the word for a minute.How do you decide on the price you want to offer after you have determined there is cash flow and that there will be equity?

Only if you can sell the property more or less as is with a tenant in the property.Some markets this will be fine and in other markets 6 months could be a bit short.Do you have a plan B, plan C, etc. in case things do not go exactly as you expect?

(There were some fine points to this which are a little vague now, but it is pretty accurate)Also, in my experience, a Standard Purchase Agreement (or whatever your local RE board calls it) has a section that spells out who is the CLIENT, and who is a CUSTOMER.

In the early stages assume there are hidden problems so be conservative with your estimates or keep the deal simple.A townhouse where you rent some rooms is a fine idea.

If it needs work or is otherwise not pretty that is just fine as a project property would suit you just fine.

The lender might be fine for the property to be put in the LLC while the loan remains in the two individual names.Any lender that would agree to what you are suggesting is a lender that would be fine issuing a loan to an LLC in the first place.