.• Staff would be a CFO, Underwriter, Transaction Coordinator, Accounting, Processors and Events/marketing plus admin.

Make sure the agreement is written up by an attorney for added piece of mind for both parties and execute it via notary.2 weeks is doable but crazy close. 

We have a 36 bed ALF - Lower income - we figured out how to make money serving a market others do not like to serve -It's been rewarding We have GREAT people/staff now --- People are one of the most important aspectsAs for #'s - it really is a depends question as labor rates vary, state regs are going to vary on how you need to staff etc.Here's the order of our expenses monthly:Wages  (About 40-50% of revenue when we have a good month - fluctuates and this includes my salary which really at any other location may be a management fee etc - but wise to build something in)Principal and interest paymentFood  (When I bought the business Food was higher than P&I but we got it lowered by tweaking some things - I'm sure we could tweak it a little more but I'm not the type that wants to wring every drop of blood out of a turnip - some waste, loss etc is going to happen - I have cooks that take good care of the residents and they are happy which is what I care about)ElectricityAnyways wages by far and away are the largest expense item.I went down this path so am a bit biased I guess - but find a struggling business or an existing one for sale and find a way to buy it and then improve the operations. 

Not only the paycheck but also learning how to shore up our systems and process so we could better execute in the future.

The takeaways from doing this job have helped me in executing projects that have gone way more smoothly.

Hi BP People –I'm new to REI, have been doing research this year and ready to take this from research to execution.

Hi BP People –I'm new to REI, have been doing research this year and ready to take this from research to execution.

What makes a self-directed IRA custodian different is that they are not purely connected to the public exchanges and limited to investing in stocks, bonds and funds, but rather have the staff training and paperwork to document the IRA's investment in the more individualized transactions that occur when investing in real estate, notes and other non-traditional assets.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

What tips do you have for setting appointments, executing at appointments and educating people who might not be familiar with real estate investing?