And much more sophisticated than most HML in the country.. when it comes to courthouse bidding .. their back end foreclosure tracking systems.. etc..

Im wondering if anyone else does their own payroll or do you hire it out? 

Is payroll covered in management for your on site help?

Keep in mind that you’ll have to run payroll if you’re going to be running your business as an S Corp for tax purposes...all the more reason to consult with a CPA as others suggested above.

There are opportunities for sophisticated, accredited and non-accredited investors alike.Hope some of this advice helps, despite knowing you're under pressure on your dead-line.

They also require more transparent accounting, more in-depth analytics and an overall more sophisticated team than the average syndicator on BP.Hence, you won't mind many takers here.

*Remember to underwrite a management fee and payroll!

Paying payroll taxes on rental income should generally be avoided."

Tom Smith sophisticated investors get at least 15-20% on their money.

@Jeffrey H. ok so here is the numbers from the OM that the broker furnished to me: ESTIMATED LENDER ACQUISITION COST:List price: $1,175,000 ( @ 28 units = $41,964 per site)Buyer requesting Down Payment of 30% = $352,500Projected Lender Financing: $792,500 @ 5% FIXED 30 year AMORT with a 10 year DUEINCOME, EXPENSES & CASH FLOW:Actual 2016 Gross: $212,752Actual 2016 Expenses: $95,915 (45%)Actual 2016 NOI: $116,837Projected Lender Debt Service: $57,494Projected Net Cash Flow: $59,343FINANCIAL INDICATORS:Cap Rate: 9.16%Projected Total Cash Return: 18.96%PROPERTY DETAILS:All age park28 Homesites# of Park Owned Homes: 28 (100%)Occupancy: 100%Utility Reimbursements: NO2016 INCOME AND EXPENSE ANALYSIS:Total Net Rent: $212,752Total Operating Income: 212,752Real Estate Taxes: 4,054Property Insurance: 5,524Utilities ( all lumped into one total, broker and/or seller did not offer it broken down individually ..yet): 30,658 Payroll & Benefits: 26,225Maintenance & Repairs: 2,058Administrative/ Office: $26,668Advertising & Promotion: 728Total Operating Expenses (45%): $95,915--------------------------------------------------------------------------------------Net Operating Income: $116,837The screen shot copy of the rent roll excel sheet i am waiting on further explanation from broker in order to determine how to interpret all the acronyms that the seller put in it so i can begin to figure out the rent roll for that month.