Started a new LLC in October, I have accrued a lot of expenses but no income.

FEES UPON TERMINATION: At the time this agreement ends, Owner must pay Broker:A. all amounts due Broker under this agreement; andB. if the Property is leased to a tenant on the date this agreement ends and Owner terminates thisagreement, an amount equal to the lesser of:(a) the management fees that would accrue over the remainder of the term of the lease; or(b) $ .If more than one property or unit is made part of and subject to this agreement, this paragraph applies onlyto those properties or units then leased and applies to each property or unit separately.Other issues I have with this property manager is that I was charged 14.286% extra management fee than what was in the agreement for all my properties.

This can drive up your costs as taxes and municipal bills keep accruing.

Just out of curiosity are their any local real estate/wholesaling groups and or masterminds that you know of?

Out of curiosity, I checked to see what amount we get....Im looking out onto the road here, we are in a highly visible location.

Out of curiosity, why did you go with the balloon mortgage? 

Just my own curiosities!

I've been on the LP side of a few deals, and generally avoid them because while things may start out well, a few years down the road things change....The only LP deal I've entered after I got some degree of sophistication was a commercial deal something like this:1-It was a good deal, rehab of an existing building with a planned tenant.2-I put my money in, and it accrued 6 or 8% interest.3-The first series of payments were 100% return of capital and of interest, with a 95/5 split (95 to us LPs)4-all payments after that were 70/30 (70 to LPs)5-If building is sold after all capital and interest is returned, 70% of net proceeds go to LPs.The thing I really liked about it was that my exposure was at 0 after 2-3 years in.

You seem to have no intellectual curiosity and this requires openness (which you haven't displayed), a powerful or logical counter offer, (which you clearly lack) an inquisitive mind (nothing there either) so your only response is an inane "troll" comment?

A little about me:I live in Juneau, Alaska in a desirable 1 bedroom condo and am going to buy a house with the help of equity accrued (about $60k).