& you are right...rent to price ratio doesn't make sense.Listing agent advised listing it for $620K, staging it, etc...Property is free & clear, but what i could net is still not enough to do a good 1031 exchange.

The final price is arranged and guaranteed from the beginning.  

Are they expecting full color brochures, Do they expect me to do up a full presentation, are they looking for me to give advice on staging and recommend my handyman out for some cheap adjustments?

Being in the beginning stages of investing,  should I still be saving receipts for gas,  books, office supplies (new printer,  software, ect)? 

After one deal you'll have a better sense of how to structure the operating agreement for any future deals.Recap: 1) Get competent counsel to review;2) Use this for one deal;3) Make adjustments, including (possibly) crafting an entirely different arrangement from what you learn;4) Keep moving forward!

I let them know that I needed a working copy of the key, and said I could arrange to pick up the key and copy it, returning their key in a half hour or less, or pay them $5 to go make a copy for me. 

Hi Everyone, excited to be part of the community. After being 10+ years in the real estate industry, I finally pulled the trigger and purchased a duplex in Queens last year. Honestly, this deal fell into my lap( Paren...

If no lease is in place, most states presume a month to month arrangement.

At this point, I've decided not to pursue an LLC at the stage I'm in.

My husband texted and called repeatedly to find out why and arrange to pay him back but tenant hasn't responded.