Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.

There are some places that you pay dues every month or every year, so sometimes you're buying a liability.   

There are several courses online, but before paying a dime it would be helpful to watch the several videos on YOUTUBE on giving prompts.

Just be mindful of the responses you get to your question.

In my devious mind, I thinking like you that I hire a parking attendant, install gates and charge an entrance fee if I bought it. 

I’m so happy to be here and would love to connect with like minded individuals 😁Welcome!

If there are fines to pay, it’s the LAIC’s responsibility to pay them, if the owner doesn’t.

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

Maybe offer them a discount of paying $400 and you waive the remainder.🤣🤣🤣🤣 Isn't that the truth! 

I'd offer to pay more in commission than what you think is the "going rate" (not your exact words but what you are wondering) on my first deal or two with agents so that they are enticed to work with you.2.