As always, very entertaining. 

The real point I am trying to make is you have a clear idea of the $ amount so I would suggest entertaining ideas outside of pure investment.

In fact heck  I would entertain the idea of a business model where say 4% is paid out to the buyer broker.You want to stand out in a good way and not a bad way in this business.

Hi @Don Pham,Write off as much depreciation, including vehicle depreciation from business miles driven, as your CPA says is lawful to write off.Don't write off any meals & entertainment at all, unless your CPA tells you that, lawfully, you must. 

You don't need a GC for that.Is this something you would entertain going forward?

Hi @Scott Price,Thank you for that thorough answer.Please entertain a hypothetical for me.Your FICO goes down 100 points because you purchased drugs on your credit card, missed a bunch of CC payments, and the financials you provide are written on a bar napkin.

For all of that ( I have a corporation for my Entertainment day job and two LLCs for my REI.)

There's a house right next door to one of my units that I would love to buy - it's in a great location and shares the property line with my unit, and it's a bigger house - but it is at least $15k overpriced and they won't entertain offers lower than asking, which is nuts.

We target 10% cap rate and are getting about 9%.The Section 8 Bible is a great resource, and entertaining reading.Hope that helps provide at elast one perspective!

Luka, think of all the restaurants, bars and entertainment spots you can make referral agreements with.