It has been suggested that you might find that employee benefits are more flexible with a more traditional corporation.

The only items that tenants pay for are their own utilities, not to include water, sewer and trash.

First of all, I assume that the landlord, with characteristic incompetence, is not going to send a written itemized list of damages within 30 days, as required by PA state law.

., lender (traditional) approves end buyer for x amount, but they do not typically like to lend or approve a "land trust".....in addition, the lender would be requiring title insurance and a lender's policy...but, this could not happen via a land trust.i hope i explained this clearly......please correct me [anyone] if i am not thinking straight.....

You can negotiate a payment with the apartment complex where they agree to pull the item completely in exchange for the agreed payment (less than what is owed, the full amount, or even higher - what ever is agreed).

It is when you do not even have items on the spreadsheet that will cause panic.John Corey

And for the HUD 1 statement, any help on what items I need to include would be appreciated.

For this we obtain multiple bids, compare and make recommendations, coordinate the efforts, oversee the actual work on site (periodically checking progress, documenting with photos, making decisions and change orders when necessary), inspecting and documenting the finished job, reviewing punch list items and authorizing final payment.OTOH, if you are talking about a LARGE project, or development type work...I have no idea!

Again, follow the state laws for what your state requires on this.Any items left have to be stored for a period.

You need enough reserve funds to carry you while you wait to sell completed properties and for unexpected items that crop up during a rehab.You also need to establish relationships with Hard Money rehab lenders to finance your deals.