. $1,500 first year) = $2,775$2,775/3 = $925/$3,791.66 = 24.4% Cash on Cash Return for my buddies and a little bit better for myself (not taking into account our time invested, which as I said before will be just as accurately identified as experience)It is not much, but we all wanted to do something and we thought this would be a good learning experience and a safe test to try Single Family rentals.

Once you get into tax court you can't represent them there unless you have passed additional testing and certification.

To get trade pricing from a Carrier distributor or the like you typically would need to grab an HVAC EPA license(a simple test easy to pass) that will then able you to buy HVAC parts at significant discount and supply to your electrician/HVAC contractor or install yourself.

Having learned to be ultra conservative in my structuring of deals and in analyzing the numbers, I then brought that into the rehabbing & condo conversion arena just a short 10 months later, using the cash I had built up, to test all what I had learned.

wow, that was an intense remodel!

I would consider using something like that in a lower income area.In my market, saving a few thousand could cost double that in sales price, assuming that the neighborhood supports granite.Thanks for the tip, let us know how the tests go.Peter

The prep process was very labor intensive (knocking down high spots with a sander, filling in large cracks/gaps/gouges with cement filler, containing all the concrete dust from sanding) and laying it down took several days of fairly difficult and slightly messy work.

The class is to pass the test to get licensed.

Intresting article but it dosn't meet the smell test.

As the manager, though, you might get a management fee, which would come out before the profits.Doing a private placement is paperwork intensive and expensive