Call the town or look on their web site for the actual number.15% Cap Rate is very high, which makes me think that something else is going on here.

It also includes common forms that you can edit and use.Their web site is a free resource with links to your state law but I highly recommend the book for some of the practical advice they provide.

In the Results link click on your address where there are various tabs and click on Neighborhood Sales.If you have a hard time with technology, you can always ask friends or family members to help you navigate the web to do some research about property values in your area.If you do find yourself entertaining an offer from an unsolicited investor:Ask to obtain, and keep, a list of the comparable property sales in your neighborhood the investor used to come up with their purchase price offer.Always keep someone else in the loop – your children, good friends, or someone you trust.Always know that you can seek legal advice – in the end, it might be worth the money you spend on a consultation with an attorney.Review the contract closely to see if it is assignable.

The US Census Bureau publishes census data and estimates.

Good catch – I had to phone a friend (accountant) and he pointed me to a pretty good web page (http://thinkholsinger.com/is-canceled-debt-taxable/) that explains it this way:If you use the cash method of accounting, then you do not realize income from the cancellation of debt if the payment of the debt would have been a deductible expense.For example, in 2014, you obtain accounting services for your farm using credit.

View it as a Web page.

We can not simply give you a list of things to do as this is a business you are entering into that is very complex.It is best that you sit down and study all information available to you on this web site and then possibly return for clarification.

I am interested to learn more about the process to become my own General Contractor in Philadelphia for investment rehabs which are single family or two-family units that I own, and would like to get your advice and opinions on some of the choices involved.Per the L&I web site, I understand that I should register as Home Improvement Contractor and have a Commercial Activity License:Contractor Requirements All work must be performed by a licensed Philadelphia Contractor with the following exceptionsWork may be performed by an owner residing on the premises of an existing one or two family dwelling.Work may be performed on an existing one or two family dwelling by a registered PA Home Improvement Contractor maintaining a Philadelphia Commercial Activity License.So in this case, I wouldn't need to be a full-fledged licensed Philadelphia Contractor, correct?

@Bryan McKeen I've never seen a "standard" property management contract and given the liability involved in owning and managing properties, I'd even be reluctant to share the ones I've used.I've seen longer management agreements and shorter ones, and off the top of my head I'm not sure which were better or worse.You can probably find a few on the web for free or low cost, my recommendation would be to get those, and spend some time comparing them and seeing what they have in common, and what some have but others don't.Then armed with that information, approach an attorney and describe what you're looking for in an agreement.

(I do a little bit of it all: systems administration, Linux, devops, web stuff, networking, some programming, etc.)