(Not owning physical properties that I have to manage)- What are my financial goals in the long term?

Incorporation?

If you don’t know what Crossfit is and you are looking for a way to push yourself mentally and physically you should really check it out.

If you have an under performing property within their cluster (or a portfolio cluster in a new market), they will entertain a deal, but it must be a fire sale (again, expect all physical issues to land in the seller's lap for retrade).

These were both big corporations, and I'm sure that if you look up the states they were incorporated in, and do some Google searching for where those companies went, you'll find out who bought the company that bought the company that bought them, and whoever the ultimate successor in interest is can give you info.

So, I'd say that the general concensus is of newer mortgage investors is to stick close to home so that they can physically manage issues that may arise.

If you're a physically fit person of average size and get proper training it's not hard to take a gun away from most, regardless of what they think.This is getting off topic, point is carrying a gun can put you at greater risk.

Initially, you file your Articles of Incorporation for the LLC on a the filing date, immediately after you should hold your first meeting.

Often the true reason relates to management or physical problems with the property.* Schedule E's for 2-3 years, compute true economic vacancy rate (actual rents divided by potential rent)* P&L report for prior year and current YTD, including amounts spent on capital (depreciable) items.* Current rent roll, lease start/expiration dates, sec deposits, past due amounts, copies of leases* Statements from tenants: rent amt and expiration date, security deposit amt, who pays utilities, any "understanding" with the landlord that they claim to have* List of capital improvements made past few years* Call utility company to validate amounts in past 12 mths* Call three independent agents to get insurance quotes* Look at at least one sample unit prior to making offer; look at rest when offer is accepted

I agree with much of what you say, perhaps I gave my LLCs more life than needed, but it has worked to my advatage in Missouri.In OK, do you file Articles of Limited Liability Company or do you file Articles of Incorporation?