The key rules are as follows:1) Syndicator MUST have significant skin in the game, including 10% of the money raised in the first deal, 8% of the second, and 3% of the third2) The only fees allowed are 5% of revenue for property / asset management, which is enough to put food on the table, but not incentivize people to just buy, buy, buy3) The only compensation is 20% of the profit (less on the first 2 deals)4) Rapid acquisition is not allowed. 5% Is minus all operating cost correct ? 

My CPA instructed me to list my repairs as CAPEX or repair items , furnishings were supplies for the rental. 

If Acme Disposal does not accept the items, you must transport them to the landfill.

Its the less aggressive model but it was programed into me from a young age, keep your business risk separate from the things that you need to live (home, car, food, etc.). 

I also like to use incidental insurance as an additional layer such as Waivo to cover items.

We typically estimate standard costs for these items but get them done much cheaper with our own crew.

Originally posted by @Michele Davidson:@Alex YeaterWe are selling our bed and breakfast business complete and turn key with wedding items.

My wife and I moved 4 yrs ago and fell in love with the area, its people and specially the food.

Just some food for thought.Roger So if I bought one for $7,500, and it probably needs a few thousand dollars of work (more than 1, less than 10).

they look like they'll cash flow a few hundred dollars a month but then you have a rough tenant turnover, or a big capex item come up, and boom - your cash flow is gone for 5 or 10 years.here are two really good threads to read.Overleveraging, net worth, cash flow and headache factorBaltimore - a path to never-ending painhappy to help further.