Costs that eat up some or all of the savings you might have from a commission.Why waste the time getting a license, finding a broker to work under, paying Realtor fees, putting in office time, paying the other fees required of an agent and have to face continuing education requirements for what is retail sales.

If it means section and there is professional management it is probably a plus because a portion or all of the income is pretty much guaranteed.

Do you do all the maintenance, or put some or all of it on the tenant buyer?

You might have some deductions that you can use to offset some or all of the income.If the LLC was to buy a property for $10M that would not have any obvious impact to your tax situation.

Is it just me or all the smileys aren't coming up?

You can take any or all of the license courses and never go for your license.

Direct mail is simply promoting to your audiences through the mail.Depending on your budget, you may want to advertise to one, or all five, of the prospect types mentioned above.

All things are relative with regards to any lease that is the so called "net" format vs those that are "gross" or "modified gross".The term net lease has been chopped up over the years to include "net - N", "double net - NN", or "triple net - NNN".N - generally refers to the actual property operational maintenance costs.NN - generally refers to the property maintenance and limited other costs, i.e. adding in insurance or RE taxes or some other limited set of items.NNN - generally refers to all associated property operational costs.For clarification a "net lease" means that the tenant is fully responsible for some or all of the property's operational items; On the other end of the spectrum is the "gross lease" which means that the owner is fully responsible for the operational items; "a modified gross lease" is a combination of the two and usually includes an expense stop for the tenant.Expense stop means the owner is responsible for all costs up to that point, i.e $3.75 per sf per year, and the tenant is responsible for the pro rata difference over that amount.

I also have at least $1,000 earnest money from the buyer, so if the deal falls through I keep it.4) On an assignment, normally you would want to get some or all of the assignment upfront.

It was never intended to be a perfect/accurate calculation.Keep in mind that the rule is based on owning many units over a long period of time and as such, you may have 42% costs on one door, 58% on another, but over the average and long haul, they average close to 50%, not exactly.I would also point out that in areas where property taxes are higher (like TX), some or all of that cost is offset by other items such as lower costs on other items, better rent per cost of door, etc.