All of this and many other factors need to be considered running a restaurant.The biggest issue a one off restaurant faces is food quality and pricing.Small places can't order in massive quantities so do not have long term food contracts locked in at a set price like chains do.Instead food cost fluctuations can hurt a small restaurant plus the quality you get from a supplier might be good one week but the next a new company came in to the food supplier and gave them a cheaper deal to use their product and try it out.The new product may be better,the same, or worse.The problem is you pay the same price and charge the customer the same price as before but it might not taste as good.I don't know how you will buy this restaurant as you have no experience as an owner.You can't just open a restaurant and expect people to come in.A few will but not enough to make a great business.You have to pound the ground and press palms and get the product with free samples into people's mouths.This will generate buzz for your restaurant and create customers with a relationship.Customers are habit creatures.Get them a great experience,great food,decent price and you will get repeat business.

This was when we should have stopped the presses and cut our losses.

With all of these new projects being formed and tracked online, and the enormous amount of press on this new industry, many of these 506(b) projects are still being discussed in public forums, either by the issuer, their contacts, or the platforms themselves.

Not a lot, but it was an accidental rental.

Some people mistakenly think they need a corp or LLC to deduct expenses but that is not true.I recommend the Nolo Press website and their books on LLCs and corporations.

I think you'll find that lots of people become accidental landlords and end up loving it.

In the mid 2000's, my wife and I accidentally got into real estate investing and flipped four properties before out lack of real preparation and the bursting of the housing bubble did us in.We've spent the last seven years recovering from that.

I'm a tax preparer, specializing in personal income taxes, with prior experience in the workers' comp industry.I'm also an accidental landlord.

I suggest the Books by NOLO Press as a good way to get a background in LLCs and other entities.

So, we are pressed in the financial area, but are optimistic.