@John K.Our lease (actually the schedule 'A' to our lease) identifies the tenant is responsible for any by-law infraction fines assessed as a consequence of their failure to fulfill their obligations and responsibilities (put out garbage, clear snow, or mow the lawn, having non-operable vehicles on the property, etc).When we receive such a fine from the City, we pay it and then send the the tenant a letter and invoice for the amount of the fine, plus an administrative fee to cover our bookkeepers time to issue and collect the invoice {though we typically waive the administration fee on first offences}.

Well worth a read especially if you're looking to be an operator promoted through a crowdfund site.http://crowdfundattny.com/2014/01/29/crowdfunding-cheat-sheet-3/

Nat gas is about 60% cheaper than oil heat and also cheaper than EBB.EBB heat is the cheapest to install but it is very expensive to operate particularly in houses that don't have heavy attic insulation, wall & floor insulation and double paned windows.

Management is one of the aspects, any partner that has a significant role may influence operations.

In addition, the HOA (which is not the company which purchased the lien, it is the real operating HOA which simply sold a lien for cash) also has some rights to rents junior to the mortgage, usually expressed in the by-laws of the HOA.

I have garnered a wealth of information from Bigger Pockets, since I started browsing this site, and the information provided, is all practical, cut to the chase topics - geared towards personal development, as well as giving a hands on approach to investing.My background is in the administrative/clerical field, in addition to have owned and operated a cleaning business for 8 years, then went into the insurance, then medical field.

Another question I have is what benefit does an operating agreement serve?

However, getting a conventional loan is can be iffy on these and it's hard to operate a business on 'iffy'.

Of course, down the line this may change, but for the foreseeable future that’s how we intend to operate.

Any insight would be appreciated if you have used alternative services as other investors may benefit from finding a way to reduce trash costs or any operating expense as we are in the business to find ways to make more money.1.