Also, an LLC provides a vehicle for tax incentives to lower your tax annual liability; be sure to consult your respective local tax professional for advice and guidance. 

Previous 4plex purchase has been a great leveraging property for additional purchases.  4plexes are considered residential units and less risky as an investment vehicle so this purchase of 2 side by side properties added 8 units to our portfolio in two smaller purchases. 

It obviously won't be the standard negotiating process because the seller is absent and has abandoned the property, and because there is a strong emotional driver for my friend to be able to live next door to family.

A realtor will not sell those as its considered a vehicle.

Julia - If you're looking to invest in a property as your primary focus/goal you'll need to get the funds into a property vehicle to do that investing.

Such as if it's convenient for me to set up an LCC and use it as a vehicle to invest or things that can help me start somehow.

Such as if it's convenient for me to set up an LCC and use it as a vehicle to invest or things that can help me start somehow.

Is it near a major economic driver in your market?

A city with multiple economic drivers will be more stable and more likely to grow. • Are wages rising, falling or stagnant?

Lastly, if directors, volunteers, employees or others are using their vehicles on behalf of the Non-profit you should have Hired & Non-owned auto coverage added to the Liability.