Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Given your long-term vision, it's crucial to consider not just the current cash flow but also the potential for property value appreciation, local market stability, and the quality of life which can attract and retain tenants.

Don't throw money at this without someone taking it on retainer and no up front or hourly billing, if an attorney sees he has a house, free and clear trucks, and you have everything in writing get a bull dog attorney to work on this for 33%. 

If you are going to do the latter make sure the lot is fairly valued, spend significant time vetting potential partners and retain a great attorney for the paperwork.Good luck and please keep us posted on what you decide! 

The way you do it is to find a builder who will retain ownership of the lot and build a house on it while you are in contract to purchase the completed product. 

I retain him for all tenant issues in multiple properties that I own and he has always delivered results.

If you have an argument that I should reconsider my strategy and instead retain a listing agent, I would like to hear it. 4.

Especially if you retain them early on.

Additional funds would be payrolled out, likely into deferred comp arrangements like a profit sharing plan.C-Corp wouldn't dividend unless it had retained earnings >$250K (where it would get taxed to retain its earnings)... so at some point you may find yourself managing to break-even, or alas... paying some dividends.