Just be careful of rent control ordinances in Union City and if you are buying 4 units or below you will be fine.  

Goals are:1.) take a loan that someone else pays off, get tax benefit, build wealth through appreciation2.) get practice/become proficient in property management3.)

You make your money by controlling under market value real estate and providing it to other investors or end users for a fee.This is a great way to get started investing in real estate but, like any new endeavor, there is a big learning curve. 

Disqualified parties include you, spouse, lineal family like parents, grandparents, children, grandchildren, certain fiduciaries or entities controled by such an individual listed above (See IRC section 4975 for specifics).On point 2, the CPA is either incorrect or you are perhaps mis-interpreting what he had in mind.  

Although for practical purposes you probably only work with this buyer once if they stiff you.Its customary in our market to bring great deals and Make NO commission selling it to your rehabber or builder with the unwritten expectation of list backs.. but you cannot force the list back.This is very true and applicable to agents who find builders infil lots they take no commish on the lots but list back the 500 to 1 mil dollar home.

Is anyone still using MLOs to gain control of apartment buildings? 

Home InspectorsWrubel Home Inspections LLC812-945-7478http://wrubelhomeinspections.comCertainty Home Inspections866-417-9591http://www.certaintyinspections.com/HomeTeam Inspection Service(502) 357-0813www.hometeaminspection.com/louisville Alan Davis, Elite Home Inspections, LLC: (502) 648-9294 www.elitehomeinspections.netGreg Jones Home Inspections and Associates, LLC 502-429-9379www.gregjoneshomeinspections.comTermite InspectorsBright Pest Control: (502) 452-9600 www.brightpest.comOPC Pest Control: (502) 969-9635www.opcpest.comBlack Diamond Pest Control:(502) 585-1919www.blackdiamondpestcontrol.comMold/RadonJoe English, World Radon Control: (502) [email protected] Mafeney502- 966-3446Ron Wurzel502-339-4901Brad Armstrong Land Surveying502-543-4607

Good question, I would do nothing difference, when I start to invest over 40 years ago, my objective was to control and buy real estate at an equity profit (while others were paying too much and hope the values would go up)As a result today, many of my properties are paid in full.

Not only from a practical point of view, which is all that really matters, but the FARBAR gives the seller an out if they can't deliver clear title, which they can't.  

I design and build our own projects therefore we have a better control of design, budget, schedule and labor.