;and (E) That the L.L.C. is currently in existence and has not been dissolved as a result of the death, bankruptcy, or dissolution of a member, or the transfer or termination of a member’s interest.

Plumbing the existing hydronic system such that each unit has its own direct run to its corresponding boiler in the basement won't be cheap {you want to hope someone has already done this}.

Also included rehabbing the existing 700SF home.

That is a "contingency" or an "out clause" within your purchase agreement.Sub2 is a strategy used to purchase property while keeping the seller's existing financing in place.

At this point, you can begin to justify not providing a personal guarantee.Other circumstances may exist where a lender is compelled to accept an obligation that is not personally guaranteed.Partnership arrangements where capital is provided and the degree of risk is assumed by partners in order to profit.

Existing Loan Info & Comps InfoYou can buy on sub2, installment sale or wrap, or lease with option.I want 3-4 B 2 B min for more popularity in renting-selling.You want to "Be the Doctor" and interview the seller.

Commingling funds and record keeping are the two biggest issue that can pierce the corporate veil, so if you are going to go to the trouble of setting up and LLC, then make sure to properly maintain that arms length relationship.BTW, I also recognize that you could be personally sued in my example, but a correctly structured entity exists solely for that reason and the hope is that you would easily win such a suit.I now feel compelled to say that I'm not a lawyer and this post does not constitute legal advice....

Your existing contract likely has a clause that the seller must deliver good title to the property.

The 1% rule or 12% per annum benchmark is almost non existent here in the coastal cities if you are buying today. not to say they can't be found, but they are not easy to come across just because the area is in high demand from owner occupiers and investors as well.For myself, I invest in OC because I like the quality of the collateral.

I have about a 5% callback for things directly related to my business.Overhead, I am a smaller contractor, so my overhead isn't crazy, but it exists.