Thanks min what market do you operate in?

Connect with @Jillyan MacMorris she's an experienced MTR operator in Chicago

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.

Hi All, I am a new member from the Bay area, Ca looking to invest and operate an Short term rental (STR)I am listening to the Avery Carl's audiobook. 

Expenses (both transactionally as well as operationally)  disproportionately impact lower priced assets.

To operate in the city of Las Vegas, this requires a business license.

Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made. 

@Tyler LingleI didn’t use a lawyer to file my LLC but used one forMy operating agreement.

My average price point sale is about $1.3m on my own so it was a smarter move to make less overall money, but to have a lean system to operate and not manage and try to help agents anymore in that way.Hopping into every forum I post on to have a go at me is very embarrassing for you.

Thanks to zoom, many musicians are teaching lessons online so they have a wider audience and can operate from anywhere.