@Aus Smith if there is base rent and then an extra fee the resident pays for a common utility, we count that as revenue towards a percentage-based management fee. 

Immediately before closing the sale dissolve the LLC and distribute the property to the former members so they are all tenants in common. 

Get the easy stuff first - rent roll and lease end dates, any bills the landlord pays - common area maintenance, maybe water, sewer, taxes, and insurance.

I'd recommend a "Templates Folder" that has templates for common used docs like leases, notices, advertisements for properties.I actually just did full video on my Google Drive set up over on my YouTube channel :)

Out here on the West coast the buyers brokers agreements were not nearly as common as back east and buyers out here are not familiar with them and are balking.. then sellers are balking at paying outside agent because of the laws Etc etc.. 

Refinancing after reno's are completed with a DSCR is a common great strategy. 

Not always, but very common. $550  / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI  ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP  *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).

The one thing most all of them have in common is they take longer than they say lol.

If you have enough unit it will make sense to have cleaner on your payroll but to starting off, most common sense is to find a very high quality, reliable cleaner that works with your budget.

I hope all of you are starting to realize how simple the concept truly is.Get a credible website, focus on conversion (value) not rankings, and you WILL dominate your market.Now the concept is easy, yes, the application takes a bit of smarts, but as long as you have common sense... it should every doable!