I love moderated forums as you can really get good info and not just adds and spam and trolls.I am a commercial lender that is very much involved with a downtown revitalization project and am looking forward to swapping ideas and thoughts with others in the "biz".

I've only been involved in this for about 1.5 weeks, so let me know if I've left any important information out.The investment group is an LLC operating out of CA that does redevelopment in another state.

I don't trust their values for a second.Best bets for comps for minimal cost include a real estate agent and a title company.

So Roxcy...What area of real estate are you involved in or hoping to be involved in?

I would rather have an "Equity" partner that puts up the cash, than to "Bet the Farm" on a deal...

If the LLC takes out the loan in an arms length transaction, then you have more protection against the creditors and individuals involved in the liability in that situation limited to those assets in the LLC.

May have been a fairly hefty charge involved, something like $100 up to $250.

Michael & Andy & JohnThanks for the valuable insights.In order to buy far away from where you live i.e. in my case PA or deep down in South Jersey may be better bets.

Mostly because of the 1031 rules.You do not need to use a TIC when you want to do a 1031 so do not confuse the two.A TIC will not have a clear exit path if there is 1031 money involved.

Again, you're going to need a lawyer (and money to pay that lawyer.)Family's involved, so there are going to be hard feelings no matter how this comes out.