But if you are going to make a comment insinuating this, please look up his name and operation (CLE Prime Homes), call him, ask him about his transparent experience (as he is still an active client), and report back to the thread on what he says!

Go with an owner-operated and someone with experience...but who is also hungry. 

ROI factors in rental income, operating expenses, real estate market health, and property appreciation to assess the potential return.

The other person is your investment partner in LLCPartners in LLC pay taxes based on operating agreement and % ownership (each partner gets a Schedule K-1 to report the income from LLC on personal tax return)@Nicholas Dutson more details needed on your property, what it's worth, etc to answer this.

In Florida you can put the advanced rent in a separate account (per F.S. 83.49), and when upon the accrual of rent on the due date, you transfer the money from the account to your operating account.

I'm not familiar with the market but I've operated MTRs in a few different markets.

Tropicana Imploded Early This Morning: The historic Tropicana hotel and casino was demolished in a dramatic implosion, marking the end of an era.

Hi @Scott Deetlefs, I’m in a high-level STR mastermind with lots of operators in NC who’re successful.

If either of these numbers is inaccurate, there’s the potential to operate on less-than-desirable margins.

We have a portfolio of homes we lease to assisted living operators that cash flow on average 3K a month.