Hey Bigger Pockets members,My wife and I live in Mesa AZ and are hoping to get into the real estate business for our long term retirement. we have time on our side as we are 26 but there is no reason not to start now.

Aren’t the $200* per month for cap ex and 10% I take out for repairs sufficient to cover those expenses?

It was so time intensive for a few reasons, although everything was relatively close to each other I spent a lot of time running between units doing a lot of low dollar tasks.

Flores on your "Success" you are the very reason many states are now requiring a real estate license if you buy and sell houses for a living. 

Do you think the $1m for commercial property is sufficient?  

You look like a spamming douchebag.First card you say your main message.Second card you say something like.We tried to reach you but no response.... and you give a reason for your mailing again.Why do I know  for a fact my answer is the correct one?

However, it probably won't impact your career path vs just having a CPA until you're trying for upper level management.Because of these reasons, that's why I generally recommend staying away from the MSA and either doing extra classes or doing an MBA (in that order of priority).Feel free to message me if you have any specific questions!

Protection of assets is commonly cited as a reason for holding investment properties in a company, however what protection does this provide since the bank still has a mortgage over the title?

AFTER the tax sale, the prior owner must go through a myriad of procedures to challenge it and they must have a legitimate reason to do so (like they actually paid all the taxes before the sale but the sale accidentally still went on, the sale was improper, etc). 

Well Adam from Palm Beach County,FL, the reason why is because my realtor partners all over Florida are either very experienced Realtor associates who work for companies where they do not have to split the real estate commission points with their Broker or are  they are Real Estate Brokers.If I choose a Realtor associate, they only have to pay a $300 to $500 fee per closing or pay a monthly fee of $500 to $800  to their company or they are Brokers who own the Real Estate CompaniesThey know that if they get a Pre Approved Borrower/Buyer referral, they'll generally come with a very strong Approval Letter and Attorney Escrow Letter with a substantial EMD, ready to Turn'n Burn!!