Also what method do you use to transfer funds from your property LLC's to your 'main' LLC, do you just call it a management fee and bill the child LLC's?

The cost of forming the LLC online in MA is $500 plus $20 fee. 

Hi all.I self manage an apartment, the other half of my duplex.  I repaired the bath, in the rental earlier this year.  I get keeping track of the material costs, etc, for tax purposes, but what about my labor costs. ...

Legal and accounting fees and Syndicator fees on top of paying RETAIL for everything..............all i can say is WOW.Could this mean the top of the market is here.  

The short answer is no,don't do it.You don't seem to be in the right mindset to become a member of my profession which is exactly what it is,a profession and not a hobby to pick up or put away at will.My profession requires lots of time devoted to learning both in and out of the classroom for at least 6 months to earn a license and the follow up sales training at the brokerage.It is not cheap either to get started with all the fees involved.From what you are describing about your personal life,family demands,and interests desired to pursue,I would concentrate on learning about investing in your spare time.Learn how to evaluate property for potential profits after repairs are done.Join an investment club and surround yourself with successful people who have already been through the process.Learn about hard money,gap funding,and what it takes to get the money you need when you need it.

The house was only 225k and it's a town home, the mortgage of the house is 1178 and the hoa fee was 180.

Me and my supervisor have agreed that the leasing agents will receive their salaries and receive a flat fee commission per transaction.

No fee to join our group.

Bathrooms are small, but you will most likely run into hidden issues on floors and walls and if you are paying a GC who is paying a sub, the costs can creep up there.

Also, what is the HOA fee?