Avoid o/o residential and/or consumer purpose residential and 80% of the legal issues go away (for non o/o , non consumer purpose residential).

"Over the 2002 to 2005 study period, houses equipped with smoke alarms and a fire sprinkler system experienced 100 % fewer civilian fatalities, 57 % fewer civilian injuries, and 32 % less direct property losses and indirect costs resulting from fire than houses equipped only with smoke alarms.

In fact, you should get more favorable prices with these contractors, vs those who are used to doing high end specialty work for the average consumer.2.

Some states offer fewer protections with such hub and spoke models though, so it is best to discuss with a local attorney.

For the hot water tank, if there is two, then its theirs too.Besides property insurance and water/sewer, I think all common areas, landscaping, and in some cities maybe even trash (check your local area).As for consumables like light bulbs, I consider if its inside the unit door, its theirs. 

The negatives is that this is time consuming as you have to occupy the house for 2 years for the capital gains protection, 1 year for the mortgage good faith.We didn't do this as we preferred to keep them as rentals as we have made more out of rentals than we have if we sold them as flips.Good Luck!

As I have calculated, home prices corrected for Consumer Price Index inflation nationally were nearly flat for the century ending in 1990.  

However at the high end that model shifts dramtically because of the dollars available at a 15-25% margin for a builder who is dealing with far fewer variables than a Rehabber and  therefore has less risk.A builder who pays $200k for the property and invests $100/SF to build a 3500 SF home that sells for $700k is going to make a nice spread even if his costs of sale are 10% (commission, closing, and marketing overhead)Basically the builders margin will be based on the cash return from the land and build investment...

The proposal is to raise capital into a already formed non-profit organization which has been doing consumer credit counseling in the past through a joint venture.  

Hi All,I'm looking to buy my first multi-residential/commercial property but so far it's been very challenging and time-consuming to find a great opportunity.