You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

Of course, given the cultural taboo of it all...not the permanent solution.I'd say charge them.Cracking up...spending my Thursday morning talking about poop paper solutions...

Sure enough had to spend a ton of money on a drain, pump, and mold removal.

In my opinion, the more income you have, the higher the allocation should be towards stock / fixed income.As much as you can make real estate passive(Hiring a PM, getting into syndications), there is still a level of work that you need to do.Why spend hours when you already can afford what you can.The extra return isint' worth it.

You could argue that the money you spend toward principal is being wasted.

and I'm gearing up to start the rehab soon.I invest remotely but will be visiting Detroit in a few weeks to spend some time on the ground.

I'd spend $5K on my own attorney to defend me before I spent $2K to settle.

To truly achieve higher rents, you often have to spend a significant amount upgrading units. 

Most of us spend a lot more than we need to.

My guess is, they con investors into $50,000 or more and spend it on their sub-par lavish lifestyles, making promises they can’t keep doing services they aren’t capable or legally able to perform.