The sales pitch for LLC's for residential properties just snowballs so that the attorneys and accountants get their recurring fees in my opinion. 

Enter recurring charges and automatic late fees.

Enter recurring charges and automatic late fees.

Unfortunately, I have recurring conflicts with both of those times, so I’d be curious for your opinion on, assuming I make an effort to shift my schedule around one week, which one you would recommend I try to prioritize getting to (understanding that just attending a single meeting is very limited value to regular attendance).

To see the MLS firsthand, you would have to get a real estate license and then pay the local company that operates the MLS the fee to access it, probably around $3K for the first year (one year of fees, some of them one-time, some recurring) to do all that.

You can get quotes on almost all recurring expenses (tax, insurance, water, garbage...etc).Best of luck!

Capex is a recurring cost, new rehab or not.

Keep in mind that a proforma (that you created above) is meant to act as an income statement and showe recurring expenses not Capex type expenses (so closing fees, new appliances, etc wouldn'tbe included) What your going to want to do is make 2 different sheets. 1 call sources and uses (or S&U) where you essentially outline where the money is coming from and what it will be used for.

Basically, the name of the game is finding property owners willing to let you lease their asset for them and if you do a good job and maintain the quality of your work you basically can create recurring revenue into perpitutity.

The SDIRA has already been opened and lightly funded (recurring scheduled deposits).Thanks,Tim