My advice is if you're starting out go with a simple LLC / schedule C and save yourself a lot of trouble until you start making a lot of money in real estate.

Before I had that outgoing message, people would call at all hours.

I'd give the same advice to new people today as well, if you can't eat off RE starting out, go get with a good insurance company, get a pay check, learn people and sales skills, some finance issues and how to present ideas over a kitchen table.

A better approach would be to list ALL your monthly expenses minus housing costs (rent, utilities) and see where you are at with income vs. outgo.

Socialize at: - LinkedIn - Facebook - Plaxo - MyBlogLog - ActiveRain Tips: Create A Profile, Join Discussions, Answer Questions, Recommend or Get Recommendations, Create Outgoing Links, Join Groups, Build your CRM Let's Connect: Owen Geronimo :mrgreen:

Obama's aides criticize outgoing Treasury Secretary Henry Paulson's approach to rescues as lacking transparency and not doing enough to get credit flowing though the economy.

What I mean by "look at houses in your target area", is that you need to physically go out, go through and inspect a lot more houses in your area before buying one.

Reaching out to all business professional in the South Florida Market. If you need help, please reach out to me and my network. Thanks.

Paul,Sounds like you have your vision worked out.  Go

For that matter he can move out go some place else without affecting you as landlord.