This is our "8 x 8 project" - there, I've said it out loud to remain accountable! 

Make sure your accountant specializes in real estate taxation.

Take into account your mortgage, a property management company and other expenses and you are lucky if you net $300. 

The reason for this email is that we need to schedule a call with a representative about our direct deposits to our bank account, we keep having the same problem every month.

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account. 

While margin accounts exist for stocks, they're typically more expensive and risky.🤝 A Place for BothHere's the thing - it's not really an either/or situation.

Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.

The company is in a huge crisis - he said the entire accounting department walked out while he worked there.

Quote from @Matt McNabb: I'm a solid $400k/yr job in NYC and have $250k to begin investing as my first step into building a portfolio, although I don't have time to be a landlord so I have to account for management fees.  

Fortunately/unfortunately I don’t have any Facebook or other social media accounts.