Thinking about buying some special tools from a couple private individuals about 700 miles and 2 states away from home.

It's the buyer who sees a property like that and decides to prey upon more simple minded and economically deprived individuals, tooting their horn as if they are doing them a favor, that is most unconscionable.

I also like the idea of renting out individual houses but I'm not sure it makes sense.Where is a guy like me best suited?

I'll be 100 BiggerPockets points that this is an individual who is lending with a Self Directed IRA.

I liked American for the run of the mill stuff because of the two escrow officers I liked using were there, it is a people business too and the individual escrow officer when you find a great one narrows my choices..

Normally, we’d just turn them over to a real estate agent and sell them individually, but we thought that it might be more appealing and would expedite a transaction to find an investor who would want them as a group and turnkey like this.These are older buildings (1960 – late 1980’s), but solid.

You will need Articles of OrganizationEach LLC should already be keeping adequate records individually.

There is not a simple answer to your question as just like tax planning the real estate planning and what is best for an individual depends on where the investor is in the investment cycle and years to retirement among other things.

If you could it would help to fill out profile completely and upload a picture to connect a face with the individual posting.If you could also mention what type of investing you are interested in doing (multifamily, houses long term to hold, flips, commercial, land development etc.)

I currently have 9 properties that are owned in a partnership with one other individual.