@Charlie MacPherson I really appreciate you taking the time to send this over Charlie thank you so much, and secondly I will def check Bean out in my area!

@Tricia Heagle Check the zoning.

@Jamie Smith  Put a generous cap on the utilities you pay in the lease. 

This is why it is also important to have a PM and indemnities against gross negligence because if they never visit the property etc. to check on condition or follow the terms of the agreement, then that is not something you would want to defend.

It’s giving the advice of setting up multiple accounts for different purposes, and my question is, what banks do you currently bank with that allows you to open up multiple checking/savings account for one entity?

Question -- Even if the loans are still in the seller's name and I'm just writing checks to the bank each month that would still be be liable for UDFI tax?  

Make sure to follow their inspection list, the inspector checked everything on that list, testing every single plug in my property, turn on every appliance, hot water.. very thorough. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

Also - we just made a new guide to help people how to use BP for their business, called "Using BiggerPockets to Grow Your Business" - definitely check it out, I think you'll find a lot of value in it.

I spend 2-300k a year at HD and get 2 checks of 2 and $3000 as a rebate.