All will be on the loan as guarantors, personal names.If you buy as a person, you would use a JV, then swap the deed to the LLC after close.

And running new lines is relatively affordable in the event you need to swap anything out.Your steel on copper concern on the other hand does need to be addressed.

We just did basic paint, carpet, cheap laminate on sale from Floor n Decor, swapped  bathroom fixtures and ceiling fans for a new ones (also on the cheap), fixed a fence, painted a back porch --- done! 

But we use the and or assigns all the time .. but its simply to move from one of OUR entities to vest in another one OF OUR entities .. so I think this just morphed into hey we can just do this and start swapping contracts to third parties as a business model..  

Obviously there are a ton of books, podcasts, and material here on BP you will get recommended and can dive into...but a huge help especially if you're interested in the commercial and multifamily space is to go to in-person events such as meetups, conferences, and seminars.While material will be great, meeting and getting around other investors and like minded folks will help you find your investment philosophy, swap experiences, and get comfortable with where to start.

I know about entity transfer (drop and swap) but that really does not help, School districts have become savvy (or just notorious) and will still increase the taxes.

I actually just presented to a private money investor for the first time last weekend, so I would love to swap stories.

Yes, there may be a small exposure to floating rate loans, but these are hedged with swaps, not caps, and account for generally less than 20% of the overall debt attributed to assets.  

When we’re ready , we’ll swap over to the smaller and do the same while renting out the larger side. 

At the end of the day (and in hindsight) swaps are much more advantageous in this market, BUT require true credit worthiness.