The ownership could be changed prior to structuring the parking arrangement, but last-minute changes without time to season the ownership change would significantly increase the risk the transaction could be disallowed as a step transaction under audit.

Some investors also use a business line of credit backed by their cash flow, which can help with future deals.If you’re planning to scale, maybe start stacking that cash for the next property or even park some in T-bills for short-term returns.

If I was looking in PG County, I think Hyattsville and College Park would be my main targets.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I wanted to see what these guys were up to, so I pulled up in front of a house where it was parked, on Arquilla Dr, got out and knocked on the door.

Even completely self-serve laundromats require daily cleaning and light maintenance.As far as time costs, expect to spend time each week troubleshooting equipment issues, routine maintenance, cleaning, and handling customer issues.

I would like to park my license somewhere so I don't lose it.

Specifically the Davis Park area!

The building next to yours looks much nicer and has THREE security vehicles parked in front.

He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.