Obviously, this will go up once I rent out fourth bedroom.2011 is a loss naturally due to start-up fees and cosmetic repairs. 2012 target goal is 14K in gross with 65% in operating income (this includes 20 percent vacancy).

This would cover any start up costs as well.Is this place good to go as in "turn key" - a lot of time, when tenants move out, you'll need to dump some time and money into the place just to get it back to rentable (for the same amount).

Start up a conversation.

This will likely cost you $20K or more in start-up fees, but then you could utilize financial planners to market to accredited investors.

Of course, the larger you are, the better the solutions.Expect first year start up costs to run about $10,000.00 in Illinois to get all the licenses and satisfy all the requirements.

Texas has looked good from my perspective for the past 4 years because they give grants and are cooperative with tech startups - If I was a tech company it would be the place.

I'm young, hungry and foolish I could perfectly move somewhere else and start up there.Even thought I have 40.000€ available to invest I still feel my first asset is very far away.I did not buy the property by the way.Sorry because of my poor english.

my partner and i have been talking to a cpa and he told us to start up an s-corp to avoid self employment tax which is at about 15% in minnesota. according to him we would 1) incorporate our business 2) file with secretary of state 3) get fed and state id #s 4) file sub s status 5) open bank account 6) buy quickbooks. is this what we should be doing instead of having an llc with my partner?

Good time to start up again in Portland

Zach, I would be more concerned with the market for larger apartments than the initial start-up cost.