Does your "Management Fee" of 10% incorporate the tenant placement fees that will most likely be an annual expense? 

We have successful strategies that we incorporate in our office that work to keep many of these tenants and get them back in to reperformance, but even when that happens... almost half of those tenants end up not completing the lease and may need to be evicted.

I've read that LLC incorporated in DE and NV can be more beneficial for tax and privacy reasons, but admittedly am just beginning to learn about our options.Thanks!

I would probably say that I’ll accept your verbal offer and give you 24 hours to establish the LLC and sign the Letter, or something like that.Why not just state in the Offer Letter that you plan to establish a [whatever State] LLC upon acceptance of the offer in which you will be the Sole Member, and that the LLC will be the Purchaser, hold Title, etc.Again, I’m not an attorney, but also when you draft the Operating Agreement for the LLC, I would think you’d want to somehow reference the Offer Letter as a Resolution or somehow incorporate the fact the its binding on the LLC.For state purposes, even for SM LLC’s, the LLC is a separate legal entity from you.

i've talked with some attorneys but they said i should buy individual, i disagree however, for the long term i believe incorporated is better. what lenders do you plan on targeting once you have your corporation up and running?

One of my goals for this year is to stop running my own books, so I imagine whomever I train to do it for me I'll just have them incorporate Quickbooks' receipt scanning process into the weekly reconciliation...As I mentioned in another thread - something that's been of great help in keeping receipts organized is starting to use Lowes and Home Depot credit accounts.

Exact ROI can be tricky to calculate I believe because RE ROI incorporates a variety of factors such as purchase price, rehab, loan pay down, appreciation, cash flow, exit strategy etc.  

Not knocking anyone who invests in their personal name, but my plan was to incorporate right from the start. 

I'm a 24 yr old early in my career in corporate finance working for a CRE brokerage firm and I'm interested in getting a real estate license to 1) learn more about residential real estate markets before I begin my investing journey and 2) potentially earn supplemental income as an agent.

I work in corporate America and and just don't feel like that's where I want to spend the majority of my life.