Quote from @Cooper Schmidt: Hello Everyone,I currently live in Abilene, TX and serve as the Director of Basketball Operations at Abilene Christian University.

I am disappointed in their results due to poor NOI and I believe they didn't do a decent job in due diligence prior to purchase. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.

Primary goal for investing in real estate to grow my wealth (not to replace my W2 job).As the first investment, I want a safer investment with a goal to break even in 12 months and focus on learning & long-term cashflow/appreciation.

Built with purpose in 2003, this store has served the community for over 20 years but is now closing its doors.Similarly, in July of 2024, Stop & Shop announced the closure of its Lincoln Street location, which has already ceased operations.

Fair enough, but my job wasn’t to improve culture, my job was to make sales which I was doing.

I’m a short-term rental host, owner, and operator, and I do a lot of STR/mid-term rental investing and management.

His knowledge and clarity in the field is amazing  Frank and his team are knowledgeable well versed in MHP operational issues but they have an agenda that they aggressively pursue.  

We have a RE attorney & mortgage broker to make sure our operation is legal & compliant.