In a business, I’d say owner “net profits” (exclusive of any owner salary) of $200,000- $1 million.  

For these ultra exclusive co ops the fact that the tenants can turn down anyone for any reason is a big plus. 

- We have 5 to choose from, depending on the property and feedback.On another note, what is your PMC doing to secure the property against squatters and theft of mechanicals?

Put a heavy emphasis on who you choose as an agent.

I left them recently like many others have in the last 5 months and even though our money was technically an investment and a limited partner contribution, they refused to give anyone their money back even after stating numerous times they would give people their money back if they choose to leave. 

Hi. I own a duplex property (I do not live on site) and I'm renting out the 2 bed/1 bath back house. I got three applications today. All of them are financially qualified and sound: 1. Single woman, mid 30s, small dog...

Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

Most small landlords will choose $1,000,000 in liability coverage, but in my experience, you can ask them to increase this. 

Now investors, especially the newbies, are chasing returns by going after higher risk investments - many NOT really understanding the true risks.Many more investors will be losing money and choosing to liquidate real estate - which will be buying opportunities for the better prepared investors.

I’ve been working exclusively in my local market since October and am excited to share that I already have a couple of deals under contract!