Paul and I operate 10 doors in North Iowa.

I updated the kitchen with high-end appliances, installed custom cabinetry, and added modern finishes throughout.

@Kyle Kulhanek To retitle your Chicago condo into an LLC for liability protection, start by forming the LLC with a clear operating agreement outlining ownership and responsibilities.

The buyers I resonated with, who I believed in as operators–those were the people I was willing to be flexible with.

My wife and I owned, operated and sold five RV Parks; three to individual buyers and two to Blue Metric.

Hey @Mike Levene - We are only operating as a general contractor out of Chicago, so pricing will vary in Grand Rapids, but @Drew Sygit specified the exact numbers I would have said.Finishes and labor quality will be the largest factors in the price variation, but for sure you can expect a floor of $200/sf these days!

If you don’t have a clear understanding of your cash flow, operating costs, and future expenses, you could be setting yourself up for financial stress down the road.The Power of Financial ClarityYou can’t make smart decisions without knowing the full picture of your finances.

Paul has started at least 3 separate threads in the past few days announcing to the world the success he's having with section 8 rentals and repeatedly reminds us he doesn't have a clue how to calculate the true operational costs associated with these properties. 

If the risk of having to refinance into a new loan is a big deal for you, then you might consider simply operating in your own name without an LLC.

This way, investors could avoid the tax burden since the operations would fall under a European entity.