It also tracks who is in what house and all other resident info I might need, and is absolutely vital to our operation.Each of our houses has a live-in manager who, for free rent, ensures all residents are following a strict set of rules and guidelines that is enforced quantitatively with a points system to ensure objectivity and uniformity between managers and houses.  

HMU if you need anything as I live close to Warren as well.Thank you so much for your reply and vital information, I would love to connect with you being that you are local if it’s OK I can send you my contact information 347-631-4656.

A syndicate is already an LLC or a LP so I don’t see any added liability protection by having a second entity layer.

Clearly these are just example numbers, but it is how I would look at it.And then layer in if refinishing all the 1 beds is a $100k renovation, but converting into a 4 units is a $150k renovation, now you are spending more money to create less revenue AND have a property worth less at the end of the day.  

I used to have the issue to so I removed the flooring again and make it flat and layer at the top again.

Your active participation and readiness to take action, supported by solid financial foundations and relationships, will be vital to capitalizing on attractive real estate deals.The question remains: will the Federal Reserve’s moves lead to a soft landing, or are we bracing for a more turbulent economic period?

Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).

If you trust your contractor and can stay on top of the project, you might not need a property manager my understanding is the property manager is playing the contractor's role for some smaller projects, not another layer on top of the contractor. 

Retail guys get benefits, have offices paid for, have departments they pay for that they don't use, have layers of management than earn on their production.Brokers get access to wholesale channels.

It seems like another layer of things to keep up with, and I can't figure out what the benefit would be.