I am sure I will need contracts specifically made in Louisiana, but any chance you can share with me what your contracts look like so that I can have an idea of what to put together?

@Caleb Heimsoth So you would recommend an LLC for cash purchases specifically. 

What specifically do you mean by your question?

Profit margins, after paying lot rent, is slim but possible in the lower quality communities assuming lot rent is low.

Hello @Ben Leybovich,Is this news of your interest for some specific reason?

I'd appreciate advice in how to structure this specific kind of deal:- Current owner is a neighbor/friend, who is 75 and wanting to get out of two duplexes in the near future (4-12 months).  

TO ALL BP Investors: this is the mindset we in the mortgage business deal with on a daily basis.Realtors reading the above comments are rolling their eyes, laughing or shaking their heads.PLEASE, will the "educated" Realtors on BP please enlighten and send him a PM on this specific topic before he embarrasses himself anymore.

If you have specific questions about property management, I'll be happy to help!

@Ryan Ocarroll  I don't think you're going to find a quick and easy answer to your question without having a big margin for error. 

I too was looking for buy & hold specifically in Multi-Family.