That fee between the broker and the leasing agent is cut up and that amount varies.

@Sebastian Tamburro you're going to get advice/offers from numerous people trying to profit off you - be careful!

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

So you have to be careful when just looking at data. 

Plus, the unit ends up being 2X the cost, with tenants destroying the units.With section 8, you want to find tenants will be there for a long time and take care of the units...

They can take care of a lot of the monotonous tasks, and even do things like send leases, screen tenants, add rent charges, pay utility bills, the list goes on. 

I currently own 4 units in 8 unit complex and i had to pay from my own pocket for cutting down trees because hoa has no money and the other units members dont' want to pitch and could care less also they dont' maintain there budlings which makes the complex look bit down. 

This could lead to a huge tax bill and penalties.Think carefully before you do this.

Due to the income earned in the landlord account that goes to the benefit of the client, you should cut the check directly from the account through the bank and do as the law says, hand-deliver or certified mail.

Its business and you should conduct yourself in such a manner.I really don’t care what your kids would say because I am the person that takes care of this property.