Doing nothing may be correct for one person, and engaging in a complicated entity structure may also be correct for another person depending on the situation.Each real estate investor/professional has different risk tolerances, different levels of savvy, different abilities in terms of bookkeeping, different estate plans, if one has an estate plan at all, and different relationships.

@Tanya Maslach Since it sounds like you're not really using a property manager - connect with whoever helped you purchase the property to see if they know of a leasing agent or showing agent that you could reach out to help hold the property open to tour at least once to twice a week for an 1-2 hour period on weekends. 

. - ideally every operator is sound at all aspects of being an operator, but there are operators who are outstanding at the operational side that are a bit lacking on the communication side.  

One suggested paying a GC a couple hundred for an estimate which sounds good until you realize you might do this 10-15 times before you buy a deal then you are spending thousands on estimates!

Does this sound reasonable?

The more you engage in real estate, the more savings you will get. 

At first this sounds like a good thing because its a cheaper entry level but the more you own the more complicated life can get.

@Sara Schrader sounds great!

Hi Burton,It sounds like you're in a great position with a strong portfolio.

@Troy WelchFirst thing you should have done when the BK was filed was engage a BK attorney.