I have heard several stories about gangs of Vietnamese folks going around setting up operations.

That can be better than legal solutions when a suit happens.Also make sure that you are operating legally.

It is possible to operate legally and professionally in this area if you have the resources to respond to a DOS.John Corey

Throughout the United States, operating expenses run 45% to 50% of the gross rents.

Maintenance @ 5%: $696 Taxes: $527 Insurance: $500 Utility Expenses: $2,951 Total Expenses: $4,674 Net Operating Income: $6,460 Debt Service: $4,126 Pre-Tax Cash Flow: $2,334 Expenses/Unit: $1,558.00 Unit #1SF: 660Avg.

Failure to operate correctly can compromised the LLC's legal standing.

Hi, I need help analyzing this shopping center.5 unit Shopping stripAgreement price: $1,100,000 (negociated and agreed upon)Down payment 20%: $220,000880,000 30yr @ 7%: $5,854.66/mo5967 sq. feetOperating Expense: 1243.11/moProperty Tax: 1754.56/moOther Expense: 183.02/moTotal: 3180.69/moGross Rent: 11,309.73/moProperty mgmt: 3%Net Operating Income: $94,622/yrIncome statement provided by property management company.Does a property management company provide accurate income statements?

Can anyone recommend a basic property management software program for a relatively small, home-based operation?

Not sure how constitutional it would be to outlaw two perfectly legal business contracts, a lease and an option, just because both were between the same parties.But remember this is the same legislature who tried to put through the "dirty cheerleading" bill and did pass the legislation to put in effect the largest steroid testing operation in the world!

I plan to hold into the property for long term...at least 5 years maybe even longer...every $ hurts out of pocket :) lol, however I guess, the extra money will not strap me for cash but thereotically I will be able to acquire less propeprties with my available funds, theroicatically in the operative word, becuase practically I will need at least 3 to 4 month between each acquistion to do it right (find a deal, close , fix it a bit and rent it out)..