He is an excellent manager and tough as nails--he has seen it all (he also managed several residential pm's in his earlier years as a broker).We were talking about rent controls etc, restricting the ability to raise rents.

A lot of contractors are not going to want to waste their time going into all of the details of a project when they could be out banging out some nails and making money.  

It looks fine, but is recognizably not actual nailed-in-place wood.

But I think @Joel Owens nailed it with true passive income being in NNN retail strip centers.

Not many do that so they have to offer a TON of value over the next guy to get any action.BTW I'm a licensed agent and would rather shoot myself in the face with a nail gun then work with a retail buyer client.

Originally posted by Bill Gulley: First I suggest you absolutely not put RE in a C corporation you should be using an LLC with a "S Corp" or "Partnership" unless you really love paying taxes.That is not universally true.A C corporation can retain earnings, a pass through entity cannot.There are lots of scenarios and situations where the combined tax rate using a C corp is lower than the marginal rate offered by a pass through.The bottom line is each situation is different and not all problems are nails just because you know how to use a hammer.

I'm wanting to install either hardwood  which i think is out of the question (nothing to nail it to) or engineered flooring. 

Tom GoansI believe you hit the nail on the head.But to be in such a position to be of service to our fellow brothers and sisters, wealth is an asset.When I say that, I mean in the sense that when times were tough in my life and I needed a hand up.

Using high expansion foam in enclosed cavities by drilling a hole and squirting in the foam can result in buckling of the surface(s) and particularly if nails are used on the drywall losing the drywall from the studs etc., so care is needed.

Once you nail the hard stuff, the rest is easy ;)If you have a more specific question, I might be able to give you a better suggestion.BTW, wish me a happy birthday.