Quick question when you purchase a multi-unit property and you see the property needs some obvious repairs (ie. purple carpet) yet the units are occupied, do you incorporate any repairs into your analysis up front even though you can't do anything until they move out?

This can be alleviated somewhat by incorporating a yearly rent increase into the lease agreement.

Right now thats what I do for my business and I would like to kind of just incorporate real estate deals into that process.

I'm all about learning and i'm sure there are some critical things I can incorporate that i'm simply not aware of.

I spent many years engaged in corporate labour negotiations.

@Clementene Taylor I am an asset protection attorney. if you are series about setting up an real estate investing business for the long hall that will generate passive income, then treat it like a business and incorporate it correctly from the very begging like a real business BEFORE you close.

Most companies I have sued that used legal zoom had the worst, incomplete and wrong incorporating generic documents they were not worth the paper printed on.

For those services, you are better off reaching out to an attorney directly, as membership in these services often do not cover having an attorney draft these documents for you.A good legal protection plan probably should incorporate both strategies; a local attorney and a membership in one of these services.

If so, are you guys operating under an incorporated entity?

Now that my wife is a realtor (licensed last month), we may put her realty business and our rentals together and incorporate, but even still, she has coverage for malpractice through her broker, Keller Williams.