If not, then you really need a strong legal structure stating how these properties will be governed going forward, including management, tenant selection, capital expenses, etc.

After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

They’ve had 4 reverse stock splits, including the absorption of the first REIT into the second REIT.  

I’m in CA also and paid cap gains on huge profits to the tune of 28%, which included CA state cap gains.

Do they include energy tax benefits within their study?

There are a ton of PMs in Austin, for example, including a bunch of national and local brokerages so the competition is thick.

The plan includes high-yield activities such as property flips and strategic acquisitions to provide liquidity and generate returns.

Yes, this means making an investment in a CRM that may include tools for direct mail, email, and text messaging... 

I would never put in a gas range, oven, dryer or any other consumer product for tenants, because a lot of them are idiots and will kill themselves or someone else.

And if all houses have not been fully rehabbed (we do fulls on every buy), some expected number for capital expenses should be included in that (IE if you have 3 years left on your roof you need to be deducting $X from that figure, repeat ad nauseum for all major capex).