My total was not quite 5k.

This actually sounds nice, since it means that the downpayment can be collected in a more relaxed manner, but its also tricky for obvious reasons.Is 8% of the total monthly rent a lot?

Sometimes a total crap show is priced so well you gotta buy it.

And for "good reasons" that would likely to put the forum asleep, one new Ohio LLC was formed to contain each of the new properties for a total of three new LLCs that are 100 percent owned subsidiaries of the parent California LLC, which files federally as a 2 person partnership with an established Fed ID #. 

Because GPR is just a sum total of Market Rent. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Some people are totally happy with using property managers and it saves them stress and headaches. 

I am going to buy a commercial propert with 27 units for rent but in total it has 17 units on certificate of occupancy, what should I do ?

A totally over-leveraged credit profile (fancy school student loans ain’t cheap!)  

Colleen, You are totally right about the cash flow and as far as I’m concerned I would be happy giving that to them I’m more interested in proving to my self that I can turn a profit on the property and the experience I would be getting.