After saying all the above, we have altered our approach to showing some properties - our student houses in particular - thanks to input from @Dawn Anastasi.

The tempting offer was $400 per person, so a monthly rent of $4,000, which translated to a cashflow of over $1500 after all monthly expenses.

"Personal property replacement cost" and "increased additions and alterations".

You do manage from a different perspective, a perspective of reducing loss, when translated into coherent distressed purchases can result in profit.

Spend time and money altering it.

Further, new firms are more likely to be a higher fee than your existing firm, which may translate to higher condo fees needed to afford the higher fees and lack of interest of members wanting to change no matter how much they hate the existing firm.

Calling yourself an investor (sounds better and is more impressive) but it's also a justification in an attempt to avoid the license issues.Missouri really doesn't buy the "equitable interest" angle either, if you do "a" deal, there won't be a problem, if you do 20 deals in a year it's a method of operations as a dealer.Your LLC is an alter ego, an entity in itself and is subject to the same legal issues you would be individually in RE.

Just makes life easier.The secondary issue is that the LLC will provide you a defense in liability issues if it is run properly, but you should also have insurance.The down side can be that since your entity is an alter ego, you may not be allowed to represent the company in any legal matters, you may need an attorney for evictions or representation.It's best to seek legal and tax advice before you form any entity and not assume you really need one.

A rough guide to translating Nickerson's numbers is to multiply his dollar amounts by 10.

I'd alter Chris' response a little and say "they are denied ..."