If all a property manager is doing is collecting rent, they charge a nominal fee.

If you make 10k a flip times 3 in a year for 30k that will be a lot of work for a nominal return.The people that flip make larger spreads otherwise it makes sense for them to just flip the paper quicker for those kinds of margins."

NOI is your nominal yield amount, the cap rate essentially provides you a yield % on your investment which provides clarity for comparison to other real estate options or dividend paying stocks or interest bearing bonds or any other investment which provides some form of cash return outside of simply appreciation.

At the same time, I don't want to screw it up and open myself to future problems due to doing it on my own.Hi Jeff, in Ohio you can simply and easily get an LLC by applying online with the secretary of state, nominal filing fee.

Also deepening on how much money you need and the type of renovation you want to make sure the lender can accommodate.203k Limited/Streamline (recently renamed) = No Min. - $35,000 maximum no structural work allowed203k Standard/Full = Min $5,000 - No Maximum (capped at local limits) - can complete structural work (build additions, move load bearing walls, build garage, etc)Hope this helps, if you need any more assistance feel free to PM.Much Luck.SG

NoticesAny notice or demand given by me under this contract or required by law may be given in writing, can be signed by any of my officers, and can be delivered personally or by email to the address you have nominated for delivery of notices, or if no such address has been nominated by you, your email address as last known to me.

Many of them will give you an estimate for free or charge you a nominal amount for their time ($50).The paperwork issue I can't help you with because I'm not familiar with NY law.  

I mean I'm completely ok with paying a nominal fee but I'm not going to make a meetup maker rich.  

All nominal transactions would be handled through escrow.

We require a nominal up front fee of $730 which covers appraisal and review.