So you would spend around $25-$30k a month (this was 15 years ago) on police details and require union gate and non union gate if you had non union workforce as well.In DC area, the utility providers are a huge challenge, whether getting permanent power, or water/sewer service etc - good luck.

Plus you can't typically get conventional financing because they want to finance to a person, not an entity.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

Sale Price$171,000 - $55,000 (Rehab) - $13,680 (8% fees) - $40,000 (profit) = $62,320 MAOFrom talking to other investors and doing research, typically a Novation allow more money to the seller, correct? 

I’ve already put down a $2,000 earnest deposit and paid for the inspection and appraisal.This event is unprecedented in the area, as the area is typically low in violence and considered very safe.

We have a few parks and we utilize both options.

This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.

I am on the fence with the “optional” mentor program that offers more resources than spoken about on here, but even if I did and my first acquisition fee covered just that, it would be worth the investment. we do not know here whether or not the nay sayer here utilized all of the resources or not. 

It took a little bit for me to understand how to best utilize them team since there are a few different people on your team. 

I have warned countless people that the "new", "Cheapest", and "shaking up the insurance market" carriers typically come into the market under priced, have a wave of claims, then they either jack up premiums to survive or fire their staff to keep heads above water.