That's $628,560 more per year going right to the bottom line for every 1,000 units we own and operate.I'm not a landlord, I just own companies that own assets, one of my companies rent them out, and others process debt collection, etc....We have taken things a step further and redefined operating models, work hard to redefine the industry as we see it, yes within the laws. 

We have used a design software to do our permitting, and visually model things like removing walls etc.

@Robert FreebornFirst year:Real Estate Course: $420 (Rockwell), there are cheaper schools out there.Written Test: $125Finger Prints: $30Realtor's Union dues: $620 (Optional depending on Brokerage)NWMLS dues: $480Supra: $75 activation + $15 a month = $255Office fees: $65 a month or $780 (Will vary depending on Brokerage and Model)Total: $2,710 Additional Cost:Signs: This will vary depending on Brokerage and if you are on a team or notBusiness Cards: Depends on what you wantEvery two years after that you will have a certain amount of CE that you have to accomplish, but if you take advantage of free education hours put on by Title Companies and other outlets, you can reduce your cost. *** Fact ***If you sell one house a year, it pays for itself...

Very interesting...He told me he is not offering a service model like the percent of rehab and wants a flat fee. 

Regarding rents, indeed if market rents go up the management keeps all the upside (that's the downside of this passive/low risk model).In terms of rental income tax, I can shelter with insurance costs and property taxes. 

The ones that think they do are usually following the traditional BP model...and they'd be wrong.You have to "reverse engineer" it, starting from your Financial Goals, and working your way to where you are right now.  

I see you've shared your model with a few folks--may I take a look at your calculations as well? 

The closest I can get to that over here in America is finding investors to do a CP loan on land where I will provide a list of suggested areas for sale, as well as the condominiums total 3D model with construction costs and all dimensions/specs provided.

Being in WA with high transfer costs and always being aware of tax burdens, I have modified the model from the traditional buy & flip a bit, but that's my new venture for now. 

Can you ask him/her if there are any pre fabricated hotel models he's seen?