Unless you do an S-Corp election to the LLC in which case it opens up more options.

It really meant the world to me.

The low value is tolerable because it just meant I wouldn't be able to cash out, but instead just refinance the existing principal.

The market may continue at this current uptick but with a big election right around the corner you're guaranteed to see some market correction; interest rate increases, REO Inventory, etc. - You can quote me on this ;) The old school standard of 3% appreciation year over year is gone and if you don't think that 3% gets eaten up by at Quadrillion Dollar national debt, well you're just not thinking it through.

In this case, that meant that he would need to make weekly visits for the first 4-6 months to oversee the home renovations and park clean-up.The $100,000 was determined during diligence.  

Calling it a deposit, but then adding all the verbiage to say "what I really meant was to call it a fee" is a bit strange.Another big up-and-comer seems to be pet rent.

What I meant to say was that he should hire an attorney and pay $350/hr + and let them do the job.

I think @Colin Smith meant by turnkey is something relatively passive like working with a company that locates, purchases, rehabs, and places tenant for you, and then continues to manage the property, as oppossed to building your own team, and being much more actively involved right down to managing the property yourself.

If you are licensed in Florida and plan on having an operational side of the business, you may consider having a separate LLC with an S-Corp election once you reach around $50K on that side of the business.As far as bank accounts, the important aspect is that you do not commingle funds.

I think @Bryan Otteson meant @Brandon Hall...