I'm particularly passionate about Multifamily Units and New Builds.Outside of real estate, I enjoy exercising and gardening!!

There is a statute that governs the exercise of fiduciary powers of corporate trustees (other than banks) that you have to follow to give the LLC trustee powers so to speak.

I paid them for their time and had no problem doing it since they were not local to me so I couldn't exercise the option to try and work for them to learn the business. 

The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.

There are several trusted ways to do that, but so won’t go into it on this post.Again, @Sonal Chopra this was a very fun exercise to reflect on our long term vision.

Hanging a large picture or something at the head of the bed usually looks nice.Additional Bedrooms:Any additional bedrooms, I stage either as an office with a writing desk and computer chair, a workout room (yoga mat and pretty exercise accessories), or a nursery with a neutral white or wood toddler bed and a changing table. 

Josh - I think the exercise that would be good to go through is to develop a pro forma showing your current revenue/expenses/income as well as a projection for future years.

I wondered if during the day when the people they were there to visit were in class or busy, maybe they'd like to exercise, but I think you're right.

I recommend you do same quick exercise with the real numbers and determine if the profit justifies the risk and effort.  

I think you’re ready to buy my apartment building, now.Thought exercise: You can sell the house, bucket included, for $1M.