I'll definitely checkout the fishtown area.Where can I find information about Philly's eviction procedures and the turn-around time to process evictions?

If you put a limit yearly on the number of commissions paid then it aligns your interest with the PM.If they know after 1 turn in a year they will not get more commission but just ongoing rents they will pay attention very closely on enforcing the tenant screening procedures and wanting to figure out how to get them to pay in full versus evicting.It's all about structuring things where it's not in the PM's best interest to do the easiest thing in the moment that might hurt your cash flow.

@Josh RichThe bank account for the Solo 401k can be set up at any bank, however, it must be established following proper procedure, we found that most bankers are not educated enough to do it correctly that is why we have relationship with couple people that are trained and know how to do it properly.

Even tho this was aimed at Bill, who could teach both contract law and bank - title procedures, "Best Practices In Lease Option Assignments" I will take a stab at.1.

These come to mind:* Member exit valuation/procedures is a huge one.

However, the procedures for eviction do vary by state.

I have to say before pouring over the advice on this website I may have massaged the #'s to work.

To do this and be good at it, you need to know your market, must be able to value a property, need rehab knowledge and obtain an ARV, you need to know market rents, need to be aware of local customs and RE laws, contracting issues, closing procedures at least in setting things to close as needed, you need to know title requirements and how to solve issues.....in general, you really need a good basic understanding of RE.

There will be a procedure for approving tenants if they're allowed.

You need to know what the condo doc.s procedures and standards are for allowing rentals.