Expenses must include a PM3 - Initial cost (cash in) must be no more than the maximum % of ARV needed by the initial REI (seller) that would leave that REI enough equity to keep enough CF/M to make it worth it for them to stay on as Deal ManagerExit Requirements (or Entrance from the Buyin point of view)1 - Splits of available (see Entrance Requirements #3) equity must be divided up evenly2 - Cash flow is split the same ratios as Equity splits3 - Property is held in an LLC, and the Equity Splits are actually membership splits of the LLC...not the property, because...4 - The LLC is the asset, and income source, for the LLCSince I started doing this, I find myself filling orders more than trying to fill Equity Slots...especially with my Out of State REI/Partners.  

I have sat through some extremely dry IRS video publications in my free time, and concluded for now I needed to raise some capital, make a soft entrance into the real estate investment world, and practice patience to avoid their heavy hand. 

Keep in mind that each entrance into these steps should be executed and planned with the exit, taking the next entrance, into consideration.  

I have some clients with $1M and others with $10M+.If a tenants guests falls on your entrance steps and becomes paralized, you can bet your bottom dollar $1M isn't going too far.I feel better myself knowing I get $5M for about $3,600 a year ($300/month).

Could you create a studio apartment with its own entrance?

Cameras will be setup in the hallway and entrance of the basement.

Although other states have cheaper properties the fact that they donate appreciate and have triple the cost in taxes and double insurance has prevented entrance.

If you pay the entrance fee and then decide to join that night, they apply it to the membership. 

The entrance is actually off of Ronald Reagan.  

There is especially high demand for units that are independent and have separate entrances, and they are priced way more than the b&b type arrangements.