Prop insurance is more expensive 4.

@Patrick Daly If this is your first syndication, you have to prep up in advance in terms of investors conversations, legal structure, assembling your team: securities attorney, CPA, lender, insurance broker, etc...

I would also say, you might not even need LLC if you have a good insurance.

They manage my former primary residence for me and usually are very responsive, I can talk to the owner any time, and they have good control of the statements, payments, insurance, etc.http://www.hrgaustin.com/property-management/Hope this helps!

Every way I work the numbers, it comes out smelling like roses, anywhere between $1600 to $2400 monthly cash-flow, depending on unknowns like maintenance, taxes, insurance, and assumed-knowns like property management and capital reserves.Now, here in California, $350K will hardly buy a 2 br SFR, nevermind an apartment.

3) Taxes, insurance, similar fees like that.

make sure you have all liability covered under an insurance umbrella 

You didn't mention what the rental prices would be nor any of your monthly costs such as insurance and taxes.

Also just some fyi if you go owner op you will have to wait either 1 or 2 years to show stable income.

Hi Team,
We just purchased an investment property and we need a 1 car garage, back yard wooden fence and drywall with walls (from the basement) demolished. We will have a 40 yard dumpster in the driveway.

My quest...