RE attorney in that stateRE agentTitle/Escrow companyProperty management + at least 1 back-upLenderHome InspectorCPAContractorHandymanInsurance agentAnother investor in the area (possibly), or mentorThis list includes most but possibly not all.The key is having the knowledge and experience to know what questions to ask during your interviews with these potential team members, the ability to properly negotiate contracts, and knowing how to handle or avoid some pitfalls (too many possible to list here)

It releases money's grip on you and allows you to put it in it's proper place.

YOur best advice on how to structure this is from your attorney, not from the opinions of others on an open forum, myself included.Good luck to you.By the way, grouping funds from a few individuals to create a larger purchasing power is a great startegy when used legally and properly, such as with an LLC and O agreement.

Lead from paint, paint chips and dust can cause health hazards if not managed properly.

If you truly have equity in the properties (current market value minus loan balance) then you are far more likely to get money from a local bank than a big bank.

Not an urban myth at all, although I agree it is quite a "cheesy" strategy to delay the inevitable.The fact is, many have done this and since borrowers originate their loans with one lender, then it is sold to another and another, paperwork is misplaced, not transfered properly or timely, etc and the documents are not organized and readily available.

Post the current P&L on the biz so we can properly analize the deal.Are you saying the land alone would be worth $800k or after improvements, it would be worth that?

You do have a good point about them being kept clean and properly cared for.

What is the balance on the first?

Now I'm looking to get back in but balance it with my business.