@Nathan Letourneau you've over-complicated it and put yourself at risk.Let's say you increase the rent $750 a month for a year to account for the cost but the tenant pays the entire amount up front.

I wish I had a crystal ball about the potential increase in areas, but here is an off the cuff answer for ranking:Dorchester (it's complicated - Dorchester is so large!)

We could all start charging for our time, but again that would further complicate the matter.He will be getting paid every two weeks which in the end will be deducted from his 30% share of the profits earned.

I'm looking at it from a "minimize expenses" perspective in order to get into the game and learn (hopefully break even)  then build from there as I've been looking for well over a year now.To complicate matters, I'm also looking for private funding to make it happen so if you're able to go the normal route, more power to you!

Most insurance professionals can provide a good policy for a traditional single family rental, but for any complex or complicated portfolios, you need to be working with someone who has specific expertise for the REI market and client.Cause of loss form: There are three categories of coverage; Basic, Broad and Special.

One thing to add that is complicating things - I'm considering using that property at some point to do a 1031 exchange.

It can be very lucrative but it is also very complicated.

Eventually the distributions will exhaust the cash, then it gets even more complicated, especially if I'm unable to put rental income back into the IRA. 

Aside from this lease, there are some complicated, specific laws you have to deal with when operating a restaurant or other food service business. 

I want to call again and make sure it's not more complicated than that, I'm wondering about fire escapes, etc.