I had no malicious intent I just thought I could get cleaners and maintenance guys, 1099 them and not have to worry about all of the administrative fees and payroll... boy was I wrong. 

Likewise, I don't know how to execute the administrative paperwork. 

.,).Usually at most the PR that whom you contact, may be motivated to sell..No matter how much time has passed during the administration process the emotions for the family are still raw..Good luck...  

The information below was provided by a Loan Officer for my Closing Cost as the Buyer/Borrower and Title Company for the Seller's Closing Cost.Loan Information$185,000 = Loan Amount$9,250 = Conventional Loan Down Payment (5%)$4,980 = Estimated Closing Cost: (Processing Fees, Underwriting Fees, Appraisal, Appraisal Review Fee, Title Insurance Services, Settlement Fee, Administrative Fee, Courier Fee, Owner's Title Insurance, Lender's Title Insurance, Recording Fees, City/County/Stamps, & State Tax/Stamps)$2,120 = Estimated Prepaid/ Estimated Reserve Cost: (Daily Interest, Home Insurance, & Property Taxes)$16,350 = Total Cash at Closing from Borrower$1,000 = Estimated Monthly Mortgage Payment: (P&I, Hazard & Mortgage Insurance, & Real Estate Taxes)Seller Closing Cost$0 = Agents Commissions: (No REA involved in this transaction per Seller's request)$900 = Total Cash at Closing from Seller: (Estimated Doc.

As a nurse investor, I can weigh in on some of the business details: I am from CA so some of the info maybe different however you need to calculate in the cost of a licensed facility administrator, and staff either licensed or unlicensed per staff to resident ratios.

I am currently studying business administration at Pacific Lutheran University in Parkland, Washington.

One guy told me they talked to City administration and developer incharge recently and City is encouraging huge apartments build out while working on problems caused by the bad leadership over past decade.Just sharing the info I got over past 2 days.

The entity effectively incurs much additional costs (mainly the financing) with additional administrative burdens to maintain the corporate veil. 

I should add, I have previously worked in real estate ( license is expired, but I would be willing to renew for the right opportunity) I have a Master's degree in Administration, and a Bachelor's in Business Finance...

For example one of my partner has more down time at work and he does all the administrative roles but I am good at identifying good opportunities and deals so I focus on that.