I am a newbie here. I have one rental property, currently on sell for 1031 exchange. I hope to find a small apartment in Texas or Florida area. I also have a primary house which has appreciated above 80%. Both are in ...

@Jay HinrichsThanks for the input and expertise from the NW!

Because of the vast majority of situations and expertise on BP, I wanted to see what your opinions are, so I can hear the thoughts coming from outside of my brain.

Value add projects in Central austin is my are of expertise. 

In other words, what is the exact problem you are trying to solve?

I am sure some lenders will chime in below pointing out how Tim is incorrect about not being able to "buy in the name of the LLC".I would seriously rethink going into business with your friend for 4 reasons:1) I can tell already that he will not make a good business partner.2) I'm guessing you are just going into business with him because he is your friend, not because he is bringing any experience or expertise to the table.3) This will likely ruin your friendship.4) It doesn't seem like you have thought this all the way through.

If a tenant told me this, I'd send him links to many articles on burning sage in the home to clear it, supposedly an old Native American way to cleanse your home of bad spirits - problem solved.  

No good offers with the realtor so far after 2 months and they want to sell it fast, maybe they will consider dropping the price but for now I'm just thinking of a way to help solve their problems at this point.

I’m conflicted with the chicken & the egg dilemma in regards to asking PM’s and agents for help in finding deals before I’ve done any deals and don’t have a lot of value to give to them...YET.

Yes, he essentially said something to that effect, but I do not think that this is his area of expertise.