or not having cash or at least a line of credit available for emergencies down the road, like car accidents (company vehicle?).

I'm not sure how you posted by accident 6 times, but I'll be sure to remove all the excess posts.THANK YOU FOR NOTIFYING US!!!!

You should also keep this letter for future reference, since things in life have a tendency to change unexpectedly.

I'm planning on having properties in LLC groups owned by a corporation, my hope is that it will limit liability to each properties.The biggest thing i've learned in the past year and a half has been underfunding investments, our apartment complex has cost us greatly from unexpected repairs, thankfully this secured line of credit will allow us to have more than 10 times the expected ammount(s) to rehab each property per time.

On a side note, shouldn't we see some crazy community improvements as a result of the unexpected tax revenues throughout the early 2000s?

Then, bam, something unexpected happens and all our plans are disrupted.

As the owner of a property, you are ultimately responsible in the event that there is an accident or a fire.

Using the 40% for expenses I use because I'm willing to manage for free and I have optimism about the area, its right at $99.For rentals, though, you do need some cash in the bank to cover unexpected and expensive items like furnaces, evictions or tenant damage.

Meaning, you are not building reserves for expected and unexpected repairs you may face as well as vacancies.

I give the interest in a christmas card at the end of the year.Usually comes out to be 20 bucks or 30, not much but always unexpected by the tenant.