I'm going to guess that Indiana imposes all the same requirements on foreign entities operating in the state, as they do on entities created in the state.

Allows you to create an LLC and operate like a business, which I like.

For the next year without having a mortgage payment I would use my personal hourly wage to save up for the rental unit operating costs.

For example there is no personal guarantee unless operator files bankruptcy or siphons money away from the business etc.

Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment (PI): € 487,34 (annual interest € 2.267,28, annual principal € 3.581,91)Tax on income: flat 21%Total annual operating income: € 16.111,20Total annual operating expense: € 6.060,00Question:How do you calculate cash on cash return (ROI)? 

My family owns and operates our own company and we specialize in SFR and small to medium multifamily acquisitions and management.      

Do as you please if you are operating a hobby, adher to practice if you are operating a business.

(a) “Common Area Operating Expenses” are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Project, including, but not limited to, the following:(i) The operation, repair and maintenance, in neat, clean, good order and condition of the following:(aa) The Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators, roofs, and roof drainage systems.

I am getting a few rooms virtually staged and that will be ready on Friday.

Are you the operator?