For those that have been monitoring this thread, like I have, Money360 apparently has revamped their website and has been actively closing commercial deals.

The electric only becomes an issue when they run the AC any you could probably monitor that and bill them accordingly.

I don't want to recreate what full service PMs provide, but I do monitor my portfolio.I nearly always have my tablet with me, so expect cloud-based service.

There is much less bad debt for commercial loans compared to residental loans because they are monitored more closely and the banks generally hang onto the loans and you can be sure that they are going to be more careful when they are lending out their own money vs. somebody elses.

Your basis for the building in 2010 would be 200k.You will separately as of the completion date depreciate the FULL 40k in improvements based upon 27.5 years.In 2011 you will continue depreciation on the building.You will continue depreciation on the 40k in improvements.You will separately as of the completion date depreciate the FULL 20k in improvements based upon 27.5 yearsIf it was already rented in June: 2010 depreciation calculationPurchase Price: 200k +Improvements: 0k -Land: 25k Depreciable Basis = 175k Recovery Period 27.5 Years Full years depreciation: 6,363.63 Business use 50% = 3,181.81 Available/rented 7/12 months = 58.3% Building Depreciation to be taken = Improvements will be depreciated separately starting on the date completed a full year would be 40k divided by 27.5 = 1,454.54 (will be prorated based upon when completed)2011 depreciation calculationBuilding depreciation: 6,363.63 40k Improvements: 1,454.5420k improvements: 727.27(will be prorated)If you need clarification just post here I'm monitoring the topic.

Then when you do delegate some of your work to someone else, you can explain and document your system and how YOU want things done.I started in the note business and I did it all myself until I got to a point where I could hire and delegate work to others and then coach them on how to do the jobs, how I wanted it performed and monitored the results.Good luck and whether you choose probate or absentee owners I'm sure you'll do well if you stick with it and learn all the parts by doing it yourself, along with some good mentors.

When I see all the posts by the frequent contributers here, I have to believe alot of them are done while on the run to look at deals and monitor construction progress, etc.

He sent me an email last night telling me that he KNOWS my house is bugged and wired to monitor him and that he has the right to remove such wires.

This is coupled with the difficulty of GPs moving in the same direction on allowing someone to sell these securities without losing their exemption.

Protect yourself with monitoring utilities or PM can do it, for extra cost.