I'd @mention him but it doesn't seem to work on my phone.Looks like you've got clear objectives and goals, and I like that.

Some companies have these fees which is a cost to do business,or a due diligence.It is only requested when the funds manager,or director has thoroughly reviewed the required documents,likes the plausibility of the project,has had an interview with the principle(s)on the project(s)and all are in agreement to press forward

The Articles must include an address that will be the principle place of business for the LLC.

Also, since this is also a matter of principle to me now, can we add the costs of time spent advertising, getting the locks changed again, cleaning, and whatever else is an inconvienience since we bent over backwards to help them to be able to move in...

Since my main objective is cash flow, I use sub2 if there is equity and enough money between payments and the rental rate.

(Heck, throw in marketing and management courses and you've got the functional parts of most business administration degrees.)It always drives me nuts when I see people spend thousands and thousands on expensive real estate 'courses' or 'mentors' when that money could have been spent a lot more productively learning some basic business principles at a local college.

Keep in mind the 50% rule is for expenses EXCLUDING debt service, therefore the rule would look like this: cash flow = gross rent * .5 - mortgage payment (principle and interest only).So if your gross rent is 1100, then:1100 X .5 = $550 minus $350 mortgage (just tossed in, not a real number) = $200 monthly cash flow.

Most all are drafted for the grantor(s) but may have widely varied objectives.

It all depends on your eventual business goals and objectives.

Some outdated, but the basic principles could make you $10mm in today's market.