Basically, they are abbreviated inspections that focus on the more expensive liabilities that investors are looking for instead of under-caulked windows and damage to drywall.

@Nick Zupec didn't see your previous post.1) May need abbreviated application for corporate billing address, signer info2) You do need something! 

To be honest I find newer investors come up with abbreviations I have never heard of and I have to query them as to what they mean.. 

This is a short abbreviated high level over view of the process but will give you an idea of the steps in the process.

But if they stop paying, you stll have to do an abbreviated foreclosure to get the property back.May want to do Lease-Option, where they lease the property for X years, with the Option to purchase at a contractually agreed upon price.

Is it abbreviated?

Per statute, the name: "must contain the words "limited liability company" or the abbreviation "L.L.C." or "LLC", or the combination "ltd. liability co

Their first and last name appear on the tax assessor followed by the abbreviation "R/S".

I (obvious) don't have a background in accounting or taxes.The history of my coming to be the sole shareholder of this s-corp is complex, long and, I have no doubt, filled with tax-planning blunders.In case anyone is still interested, and inclined the help, here it is in as abbreviated form as possible:1967:  5 families bought this property as a summer vacation for them to use collectively1980:  1 of the families sold their share (20% of the property and what is effectively a lifelong lease to one of the 5 cottages). 

In addition to great info provide by @Brian Eastman, following are some common fallacies encountered and, sometimes, widely disseminated.Qualified Retirement Plans (abbreviated to QRP and, for purposes of this post, includes "Solo 401k") are exempt from all UBIT.