First year average interest is about $203, Principal about $106.What does the LLC membership see?

I think being in the classroom and having other people ask questions helps a lot with learning.I am a broker, so my financials are a little different, but you can probably plan to spend $1000 per year to maintain your license, including MLS fees, board membership, keycards and lockboxes (if you plan to list properties).

We agreed to have the land surveyed to prove we were out of the flood plain (which we did, and which we are) but during all this the buyer's realtor would take up to 4-5 days to response to a simple question.

Bye the way, we're starting to do some surveys - what do you like about the place, what don't you like etc.

Realizing that these things can change with a change in board membership.

Debt expense is roughly $2400 / month Annual Tax: $10,500 Insurance: $3,500 Heating expense (Nat Gas): roughly $4850 / year (One boiler for entire building & two water heaters) Estimate expenses at 5% of Gross Income Annual Rent Roll: 70k ACQUISITION COSTS: Lawyer: 1k Appraisal & Environmental: $2300 Tank Sweep, LLC Set up, Survey, Misc: $1500 Title Fees & Bank Attorney: $5K Bank Origination Fee, Gov Record Fees: $3k The property did come with one unit vacant which I filled this month.

Richard do you have premium membership on LoopNet or basic??

I want to sell my membership interest in this LLC to a cash buyer for $10,000.

Glad to hear the place you surveyed looked like it was in great shape.

Ideally, you are living a corporate lifestyle, where your company covers the expenses of many things for you like cell phones, gasoline, gym membership, car insurance, business trips & training, office supplies/furniture/equipment, etc.. other business expenses.