So with that I'm curious to know how people are effectively reaching out to homeowners via Text blast while still staying compliant.Also if they are any SMS services that you recommend.

i am confident i can manage the relatively small amount of requests, and have heard some good things about apps and software that are a "one stop shop" for landlords that allow payment, leases, and repair requests. i have one out of state rental property with a plethora of options for handymen and contractors around. i have been paying a property management company 8% plus all of their inflated costs of repairs and fees and with insurance going up it has really opened my eyes to my margins not as healthy as i would like.do you have a certain product you have used or use or would recommend?

I did have one electrician come and quote it out for about 12k but that didn't include the permits or any costs related to ComEd.

Chances are you may show a negative cash flow which is throwing you off.

Activities prior to launch, but after you have purchased the property, also count.2) I'd recommend reaching out to the other individuals that work on the property and ask them for an email or time log of their hours on your property.

At first, you won't be able to offset your W2 income with losses, but it is nice when you sell a property at a profit and all the capital gains are wiped out by losses from other properties.A huge amount of tax savings get unlocked if one of you leaves your W2 job to focus on real estate and you get Real Estate Professional Status (REPS). 

Loss of income is another coverage that you will probably want to cover any period of time you can’t rent out the apartment due to a covered loss.

Note that a month is a really short time to work out a six-member LLC. 

-of the people who are interested, most will want a price that is too high.so out of that, you might get a small number of actual leads / motivated sellers.with that said, though, are you networking with investors and wholesalers? 

Purchase price: $250,000 Cash invested: $88,000 Commercial flex space.