Hey everyone,With the mentor-ship I'm receiving from Will, I feel so close to breaking into rehabbing.

If not with increased management fee you are looking closer to 60% to 65% cost and not 50% annually.Tenants not directly billed bu the water authority use about 30 to 35% more water monthly and do not report water leaks.If the tenants are not paying then you will have months of lost rent,damage to the units,and reconditioning costs.You need to pay close attention to the EXISTING tenant base going in.Run your own checks on them.The existing landlord might have just filled the building up to dump off crap tenants on someone else.The fact that this property has changed hands so frequently leads me to believe it has serious problems.People get think they get a deal and then want to jump off the burning ship quick before going down.Check title history chain and see if you can locate previous owners,their attorney etc. on documents.You can also look up if a previous corp bought it and the controlling officers.

They will be able to walk you through setup and structure as there are many other concepts to deal with such as survivor-ship if one party passes or how a party can be bought out, etc.

Overnight shipping (FedEx or USPS) can be used for those, and likewise for keys if as Ned Carey mentioned no neighbor has a set.

It was very commonly used in Florida during the real estate boom.It baffles me that drywall (which is extremely heavy) could be produced in China, shipped here, and then sold for a profit.A sidenote - we've all heard of Chinese toys containing lead paint.

Not sure as to how you can insulate yourself from this, but my partnerships allow one partner to buy the other out at a deep discount.As Dave Ramsey one said "A partnership is the only ship that doesn't sail."

Be careful for highly inflated shipping costs which will jack the price up.

The ship is taking on water, if you know what I mean.

I like one shipping container to house all of our equipment we need to operate the park.

Maybe that's OK, but you've legally transferred owner ship to C.