Go do a deal using the "so much" stuff you learned from this coaching operation.

Operating rental properties is all about the numbers.

Hi, i am new here from spain, hope all of your co-operation in this forum.thanks

Do not act in a negligent manner while operating your business.

If the tenant is there and paying the rent and your only expense are insurance and taxes (interest is not an operational expense), then the expenses might be only 10-20% of what you collect that month.

This makes it a hands off operation for us.

Illegal units can turn into leverage against you if you are running a shady operation.

Ownership in the LLC will require an operating agreement that will outline the investment.

Now Mike, can you elaborate on what "Operating" expenses you are speaking of?

Thus, to ease operations and to prevent missing deadlines on the potential change of security deposits held, we make our sec dep equal to one month's rent.