If you want to make sure your name is nowhere to be found I would recommend setting it up with an attorney and a holding company.

Ours is set to take 20% of the room rate revenue, 100% of the cleaning fee

I missed out on one great opportunity because I didn't have the lending set up.

We are set to close on our first condotel in MB on Monday.

Looks like you've got both set around 5-6% That's what I'd put for LTR rentals, but presumably you're getting 40-50% more in rent as an MTR than you are as an LTR, but the actual dollar amount of capX and maintenance aren't going up with an MTR v LTR, so I usually set that at 3%.

It's a slower start, but it could set you up for bigger moves down the road.

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

There are different ways of doing it, but I prefer to set it aside in a different account.

It's awesome that you're taking charge of your financial literacy and setting an example for your sons.