I just took bookkeeping classes.

Hello BP!I was listening to the podcast last night (Show 92 - No (and Low) Money Down Real Estate Investing with Brandon Turner), and in it Josh and Brandon discussed creating separate LLCs for each property partnersh...

Let's say, it costs you 1.5K to get your structures in place (holding LLC or Series-LLC, with or without land trusts, with or without separate operations LLC) and 0.5K per year (for maintaining the LLC properly, bookkeeping, lawyer and CPA, etc.) for a total of 2K.

What I've got started: Insightly CRM, several versions of mailers drafted, a postcard company to work with, a relationship with an attorney, bookkeeping helpWhat I know I need: buyers list, seller lists, books recommended by BP, a tool box full of ways to coordinate deals, systems that I can step away from while they keep runningWhat I don't know I need: That's for you to tell me :)

It maybe slightly higher but 16% isn't bad at all, and also alot of tax benefits considering  proper book keeping ( something I stress on and got the books right all up to date.)

Having 1 S corp is enough filing costs, payroll issues, bookkeeping.

For me, my time to collect rent, do inspections, coordinate or make repairs, do the bookkeeping, etc. is worth more than $100. 

a) Office Supplies (e.g. stamps, envelopes)  b) Software  c) Gas/Mileage  d) Advertising + Payroll  e) Concessions  f) Lease loss  g) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisorHow-much-should-you-keep-in-cash-reserves-per-property?

She's the bookkeeper for the business and is following down leads & doing initial deal analysis. 

You'll run into a lot of securities law issues here that will make it such that a $50 investor is costing you an arm and leg in legal and bookkeeping bills.Credit/Debit - no way.