In accordance with the lease agreement, the property shall be fully vacated, cleaned, and returned in the same show quality condition upon move-in.

In advance I'm sure people will ask why I would have it under an LLC for my first property, of course liability protection but the main reason is Taxes, I'm not trying to have the added income from the property be on my personal tax returns.

If it was my deal, I would: A: Ask to be GP or no dealOr B: Become a LP's in someone else's deal (you'll still get a good return) and then you can learn the ropes of syndication and real estateJust my 2-cents

If it's really busy, consider a couple different open houses so visitors have the flexibility to attend either one or return for a second look.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

So the financial institutions get a better return  on there losses.

What are you targeting for returns whether it be IRR or cash on cash?

Because we charge by the bed, returns are significantly higher than market rental rates, even when considering our rent covers ALL housing costs ex food.With today's opioid epidemic rampaging across the US, there is a massive need for well run transitional living facilities everywhere, but it is easy for good intentions to sour when the houses are not run properly.  

Discuss COC return, run a financial analysis for him and a performance chart showing the ROR after multiple properties have been acquired and cashed-out... good luck.

Add in another 17k in principal paydown per year and their return is closer to 85k or 90k a year not including any appreciation which historically out there is 5 to 7%.