@Alex Cardaniuc it's all fine and great - until something goes wrong and you get sued.

I don't think there is a right or wrong here. 

You have to now include the extra time spent communicating issues, invoices, etc..with the property owner.Whether you do it or not is not a right or wrong matter, but you need to understand why you are doing it and if the extra cash will be worth your time.We have always turned down the requests to manage other people's properties, because I feel like the amount of money I would receive from managing someone else property would not be worth the time to me.  

There is no right or wrong answer it depends on your financial situation and what lets you sleep at night.

Who is doing the ARV evaluation because I have seen a lot of examples over the last 3 years when a new investor looks to buy a property and ends up having the wrong ARV or sale value.

Every Google answer I found was it shouldn’t be done because it can contaminate the soils and groundwater.

LLC orS-Corp.Don't be in the wrong type ofentityFirst – Asset protectionbenefitSecond – Tax savings benefit Rental Real Estate – 1031(same in LLC or personal name)Syndicate - 15% or more in taxsavings, self-employment tax (flippers may use this) Expenses for write off &deductions: equipment & appliances, home-office ($5 per sq ft.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.

@Matt Bertsch You can't go wrong with storEDGE for management.

It doesn't have enough details to fully evaluate it here, but I don't see anything that is radically wrong or can't work.

Hello BP Community, I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest).