No further details yet but Im anxious to figure out how others would approach this.  

Finally: is there a better approach or strategy I should consider?

They understand the trade-offs of both approaches.

is not the best way you should approach someone.

- 10-20% depending on the property location, # of units, FICO, experiencePrice out your deal to make sure the numbers make sense and you have the cash to close before approaching a lender

Properly structured, even in a catastrophic loss they will still provide some shielding of your personal assets.Second, it provides tax advantages not otherwise available to an investor.The general approach is to "control everything, own nothing".

Hello BP Family,I need ideas of how to approach this opportunity.

My Dad is approaching 59.5 years old and is starting to decide how much longer he wants to work and what he wants to do with his money.

And even if you remain in real estate, this approach allows you to start over with a fresh depreciation schedule in the new property. 

We’ve had an apartment sit vacant since August and have had no luck finding decent enough tenants that don’t smoke or have pets, have no felonies and no prior evictions. Pretty basic stuff. But yesterday we showed it ...