One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

Annual net operating costs for option 1 are basically the same as the annual revenue.

You operate in the Bronx, how it going?

Virtually any cap ex expense will wipe out more than a years returns. 

Boiler room  operation ? 

None were a match for me personally and many were not a strategy I wanted or too speculative (such as opportunistic strategy which is the riskiest strategy or investing in tertiary markets which also tend to be the first to go belly up when there is trouble etc).You probably actually want to look at your operating agreement to see what rights you have to books and records, etc. 

Some have pointed out the fallacy that to be licensed in some way is different upon the operation. 

In that case you will need to analyze the comps, and keep in mind operating two units on one property can bring other costs and operational issues.2.

Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp  or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.

Thanks, Victor.I have met the people in person, and it's a fairly large, established lender operating in multiple states.