I want the real estate portfolio to comprise of mainly residential properties- single family, multi family, mobile parks and farmlands.

I currently have an LLC for my soap business and want to create an LLC for real estate.

@Tristan C.Operating expenses should comprise any expenses incurred in the operation of the business.  

Expenditures: Do you mean utilities, wifi, etc or things like soap, paper towels, etc?

You may be able to get away with a soap and water scrub of the walls but the ceilings will need to be kiltzed and then painted to remove the yellowing the cigarette/dope smoke usually causes.

my buddy has a section 8 rental collecting 1,100 a month...the tenant is responsible for another 100/month...she doesn't pay...he doesn't say anything bc he knows he's still getting 1,100/month guaranteed..section 8, like unemployment should have a time constraint in my opinion...getting section for 30 years, and then having their children do the same thing doesn't reward hard work...it does the opposite...off my soap box--sorry!

Network, read, and most importantly, GET OVER YOUR FEAR.Sorry, off my soap box now...

(a bad soap-operish drama currently still in progress)A pre-foreclosure 4/2 came up in my courthouse search in '07.  

Small business holding company: This type of fund is exempt from the 1940 Act if most of its assets comprise controlled or majority-owned subsidiaries – the idea being that the fund is in whatever business its subsidiaries are in, rather than in the securities investment business.

Accurately capturing the maintenance expense is of importance.Property is actually comprised of 3 buildings next to each other (centrally located).