The 50% includes property taxes, insurance, repairs, cap ex, management, administrative, legal expenses, turn-overs, evictions, etc.

You can setup categories, create users with different permissions, etc.When you start a flip you 1: setup a new account 2: create categories (ie, kitchen, bath, plumbing, landscaping, etc, etc) 3: as you make purchases take pictures of the receipts via the phone app and choose the category 4: via the web browser (computer) portal you the administrator can go through and verify all the incoming receipts 5: then you can create reports showing who's spending how much on what very easily"

(Can help a bunch if your deal is value add)-Experience in Underwriting deals and due diligence-Organizing and systematizing skills-Operations and administration skills-a great understanding of construction and contractors (Boots on the ground is a huge plus)If you can already do a few of those things you may want to consider partnering up and starting to hunt for deals.But if you are a mortal like the rest of us small multifamily properties are a great place to start making mistakes.Cheers

I called and emailed the local S8 administrators and they said there was no recourse and they wouldn’t consider revoking their voucher.

Again, "the people" made this mess because "the people" keep choosing a person for office based on there hair, how good they talk, what they look like, they put a person into a very important administrative leadership role who has no qualifications for the job, no real capability to do good things, are we supposed to be surprised by bad outcomes?     

., New Lease Agreements, Renewals, Amendments, set up the rents, paying taxes, changing ownership's and many, many other various lease administration duties.

There are other fees too, like maintenance fees, trip charges, administration fees....all for them to manage all the day to day dealings with your rental.The buy and hold part just means that you buy the property and hold for the long term before you sell it or some other exit strategy.

I have estimated NOI using 60% of GPR for expenses in addition to breaking out the following expenses which yielded a total expense projection of 60.7% of GPR: Management, Water & Sewer, Maintenance, Replacement Reserves, Taxes, General & Administrative, Advertising, and Insurance.

I came across this article on the idea of the administration to allow some homeowners to stay in their home and become renters.http://www.reuters.com/article/marketsNews/idUSN1429265720090714?

Also the 3 key documents that the PR should already have when making your offer(s) are a) Petition for Probate b) Order for Probate and c) Letters Testamentary (or Letters of Administration..Good Luck,Mark...